Two Sigma Investments LP reduced its position in Urban Edge Properties (NYSE:UE) by 30.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,645 shares of the real estate investment trust’s stock after selling 13,042 shares during the period. Two Sigma Investments LP’s holdings in Urban Edge Properties were worth $816,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. BlackRock Advisors LLC raised its stake in shares of Urban Edge Properties by 8.1% in the third quarter. BlackRock Advisors LLC now owns 47,117 shares of the real estate investment trust’s stock worth $1,326,000 after buying an additional 3,512 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Urban Edge Properties during the third quarter worth about $469,000. First Midwest Bank Trust Division bought a new stake in shares of Urban Edge Properties during the third quarter worth about $504,000. Sei Investments Co. raised its stake in shares of Urban Edge Properties by 6.3% in the third quarter. Sei Investments Co. now owns 58,288 shares of the real estate investment trust’s stock worth $1,640,000 after buying an additional 3,465 shares during the period. Finally, KBC Group NV raised its stake in shares of Urban Edge Properties by 31.3% in the third quarter. KBC Group NV now owns 46,195 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 11,017 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.
Shares of Urban Edge Properties (NYSE:UE) opened at 25.84 on Tuesday. The stock has a 50 day moving average of $27.04 and a 200-day moving average of $27.06. Urban Edge Properties has a 52 week low of $24.10 and a 52 week high of $30.29. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 28.43 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.41%. Urban Edge Properties’s dividend payout ratio (DPR) is 101.15%.
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Separately, Evercore ISI lowered shares of Urban Edge Properties from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd.
About Urban Edge Properties
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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