Quadrature Capital Ltd Acquires New Position in Urban Edge Properties (NYSE:UE)

Quadrature Capital Ltd bought a new position in shares of Urban Edge Properties (NYSE:UE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,859 shares of the real estate investment trust’s stock, valued at approximately $272,000.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Urban Edge Properties by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust’s stock valued at $17,187,000 after purchasing an additional 157,792 shares during the period. Lighthouse Investment Partners LLC raised its position in Urban Edge Properties by 10.0% during the 4th quarter. Lighthouse Investment Partners LLC now owns 330,000 shares of the real estate investment trust’s stock worth $6,039,000 after buying an additional 30,000 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Urban Edge Properties by 146.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 43,597 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 25,929 shares during the period. Evoke Wealth LLC purchased a new stake in shares of Urban Edge Properties in the 4th quarter valued at $1,106,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Urban Edge Properties by 11.4% in the 4th quarter. Hsbc Holdings PLC now owns 65,060 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 6,672 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.3 %

Shares of NYSE:UE opened at $18.02 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.25. Urban Edge Properties has a 12-month low of $14.36 and a 12-month high of $18.79. The business has a 50 day moving average of $17.33 and a two-hundred day moving average of $17.35. The company has a market capitalization of $2.14 billion, a PE ratio of 7.83 and a beta of 1.51.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.28). Urban Edge Properties had a net margin of 63.27% and a return on equity of 24.36%. The firm had revenue of $109.63 million for the quarter, compared to analysts’ expectations of $106.38 million. As a group, analysts forecast that Urban Edge Properties will post 1.27 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, June 14th. Urban Edge Properties’s payout ratio is currently 29.57%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Tuesday.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.