Renaissance Technologies LLC Has $9.55 Million Stock Holdings in Urban Edge Properties $UE

Renaissance Technologies LLC grew its position in Urban Edge Properties (NYSE:UEFree Report) by 155.2% during the first quarter, HoldingsChannel reports. The firm owned 478,000 shares of the real estate investment trust’s stock after buying an additional 290,727 shares during the quarter. Renaissance Technologies LLC’s holdings in Urban Edge Properties were worth $9,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,071 shares during the period. Global Retirement Partners LLC raised its holdings in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,307 shares during the period. CIBC Private Wealth Group LLC bought a new position in Urban Edge Properties in the 3rd quarter worth $52,000. State of Wyoming acquired a new position in Urban Edge Properties during the 1st quarter worth $66,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Urban Edge Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 922 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $21.62, for a total value of $411,515.08. Following the sale, the chief executive officer directly owned 3,665 shares in the company, valued at $79,237.30. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UE shares. UBS Group upped their price target on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Edge Properties in a research report on Friday, July 24th. Finally, BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.20.

View Our Latest Research Report on UE

Urban Edge Properties Trading Down 0.1%

Shares of Urban Edge Properties stock opened at $22.65 on Monday. The company’s fifty day simple moving average is $22.92 and its 200-day simple moving average is $21.49. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 26.33 and a beta of 0.97. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Urban Edge Properties’s dividend payout ratio is 97.67%.

Urban Edge Properties Company Profile

(Free Report)

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.

Further Reading

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

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