Quadrant Capital Group LLC Grows Stake in Urban Edge Properties (NYSE:UE)

Quadrant Capital Group LLC boosted its stake in Urban Edge Properties (NYSE:UE) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,548 shares of the real estate investment trust’s stock after buying an additional 1,162 shares during the quarter. Quadrant Capital Group LLC’s holdings in Urban Edge Properties were worth $83,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in Urban Edge Properties by 3.0% during the 3rd quarter. FMR LLC now owns 13,294,317 shares of the real estate investment trust’s stock worth $202,871,000 after purchasing an additional 388,473 shares during the last quarter. Resolution Capital Ltd lifted its stake in shares of Urban Edge Properties by 20.8% in the third quarter. Resolution Capital Ltd now owns 4,593,348 shares of the real estate investment trust’s stock worth $70,094,000 after buying an additional 792,133 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Urban Edge Properties by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,132,349 shares of the real estate investment trust’s stock worth $39,022,000 after acquiring an additional 41,478 shares during the last quarter. American Century Companies Inc. boosted its position in Urban Edge Properties by 52.2% during the third quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock worth $24,402,000 after acquiring an additional 548,193 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in Urban Edge Properties during the 4th quarter valued at about $18,494,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

NYSE:UE opened at $16.96 on Friday. The company’s 50-day moving average is $16.82 and its two-hundred day moving average is $17.20. Urban Edge Properties has a 1-year low of $13.13 and a 1-year high of $18.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 7.37 and a beta of 1.49.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, June 14th. Urban Edge Properties’s payout ratio is presently 29.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by insiders.

Urban Edge Properties Company 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.