AQR Capital Management LLC Grows Stock Position in Urban Edge Properties (NYSE:UE)

AQR Capital Management LLC lifted its stake in Urban Edge Properties (NYSE:UE) by 47.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,774 shares of the real estate investment trust’s stock after buying an additional 37,312 shares during the quarter. AQR Capital Management LLC owned approximately 0.10% of Urban Edge Properties worth $2,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Urban Edge Properties in the second quarter worth about $50,000. Signaturefd LLC increased its stake in shares of 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 valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Urban Edge Properties in the 1st quarter worth about $171,000. Custom Index Systems LLC purchased a new position in Urban Edge Properties during the second quarter worth approximately $259,000. Finally, Quadrature Capital Ltd acquired a new stake in Urban Edge Properties in the fourth quarter valued at approximately $272,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UE. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI increased their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Urban Edge Properties Price Performance

NYSE:UE opened at $21.30 on Wednesday. The stock has a 50 day moving average of $20.65 and a two-hundred day moving average of $18.70. Urban Edge Properties has a 12 month low of $14.36 and a 12 month high of $21.66. The firm has a market cap of $2.58 billion, a P/E ratio of 9.26 and a beta of 1.55. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. The firm had revenue of $106.36 million for the quarter, compared to analysts’ expectations of $110.34 million. On average, analysts expect that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Friday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

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.