Urban Edge Properties (NYSE:UE) Stock Position Increased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 71.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 292,775 shares of the real estate investment trust's stock after acquiring an additional 121,668 shares during the period. Alliancebernstein L.P. owned approximately 0.23% of Urban Edge Properties worth $6,295,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UE. Pictet Asset Management Holding SA grew its stake in Urban Edge Properties by 9.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 39,420 shares of the real estate investment trust's stock valued at $848,000 after purchasing an additional 3,521 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Urban Edge Properties by 7.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 164,140 shares of the real estate investment trust's stock worth $3,529,000 after buying an additional 11,440 shares during the last quarter. Norges Bank acquired a new stake in Urban Edge Properties in the fourth quarter valued at $6,697,000. UniSuper Management Pty Ltd boosted its stake in Urban Edge Properties by 3.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 34,800 shares of the real estate investment trust's stock valued at $748,000 after acquiring an additional 1,100 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Urban Edge Properties by 28.0% during the 4th quarter. JPMorgan Chase & Co. now owns 860,064 shares of the real estate investment trust's stock worth $18,491,000 after acquiring an additional 188,130 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Urban Edge Properties Stock Performance

Shares of NYSE:UE traded up $0.25 on Tuesday, reaching $17.62. 1,271,506 shares of the company's stock were exchanged, compared to its average volume of 910,700. The business's 50-day moving average is $19.19 and its two-hundred day moving average is $20.83. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a fifty-two week low of $13.34 and a fifty-two week high of $23.85. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 29.87 and a beta of 1.28.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, equities research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.19 per share. The ex-dividend date was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's payout ratio is currently 128.81%.

Analysts Set New Price Targets

Several equities analysts have recently commented on UE shares. Evercore ISI reduced their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. StockNews.com raised Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.

About Urban Edge Properties

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.