BNP Paribas Arbitrage SA trimmed its position in shares of Urban Edge Properties (NYSE:UE) by 62.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,692 shares of the real estate investment trust’s stock after selling 24,144 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Urban Edge Properties were worth $336,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Koch Industries Inc. acquired a new stake in shares of Urban Edge Properties during the first quarter valued at about $303,000. Xact Kapitalforvaltning AB boosted its stake in shares of Urban Edge Properties by 42.8% during the first quarter. Xact Kapitalforvaltning AB now owns 16,690 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 5,000 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Urban Edge Properties during the second quarter valued at about $447,000. GSA Capital Partners LLP acquired a new stake in shares of Urban Edge Properties during the first quarter valued at about $427,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Urban Edge Properties by 23.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 21,536 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 4,032 shares in the last quarter. 90.68% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties stock opened at $23.01 on Monday. The company has a current ratio of 7.69, a quick ratio of 7.69 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.48 billion, a P/E ratio of 17.17 and a beta of 0.50. Urban Edge Properties has a one year low of $19.51 and a one year high of $26.19.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.13. The company had revenue of $101.97 million for the quarter, compared to analyst estimates of $98.47 million. Urban Edge Properties had a return on equity of 7.67% and a net margin of 19.70%. equities analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Thursday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 65.67%.

A number of brokerages have recently commented on UE. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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