Jane Street Group LLC Sells 80,887 Shares of Urban Edge Properties (NYSE:UE)

Jane Street Group LLC trimmed its position in shares of Urban Edge Properties (NYSE:UE) by 54.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,789 shares of the real estate investment trust’s stock after selling 80,887 shares during the quarter. Jane Street Group LLC owned 0.05% of Urban Edge Properties worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Urban Edge Properties during the 2nd quarter worth $50,000. GAMMA Investing LLC increased its holdings in Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 563 shares during the last quarter. Signaturefd LLC lifted its stake in Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,317 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Urban Edge Properties in the 3rd quarter worth approximately $101,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI lowered their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday.

Urban Edge Properties Price Performance

UE opened at $21.37 on Friday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 9.58 and a beta of 1.53. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The business’s fifty day simple moving average is $22.53 and its 200-day simple moving average is $20.84.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. The business had revenue of $112.26 million for the quarter. On average, equities research analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. Urban Edge Properties’s payout ratio is 30.49%.

Insiders Place Their Bets

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.57, for a total value of $2,214,684.34. Following the completion of the transaction, the chief financial officer now owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. The trade was a 72.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey S. Olson sold 240,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

About Urban Edge Properties

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.