American Century Companies Inc. grew its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,789,168 shares of the real estate investment trust's stock after acquiring an additional 291,125 shares during the quarter. American Century Companies Inc. owned about 1.43% of Urban Edge Properties worth $38,467,000 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. Daiwa Securities Group Inc. grew its position in Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock valued at $883,000 after purchasing an additional 659 shares during the period. Amalgamated Bank grew its holdings in shares of Urban Edge Properties by 2.0% during the fourth quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock valued at $780,000 after buying an additional 724 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock worth $632,000 after acquiring an additional 800 shares in the last quarter. Arizona State Retirement System increased its position in shares of Urban Edge Properties by 2.9% during the fourth quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock worth $757,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 76.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 1,029 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Evercore ISI decreased their price objective on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.
Read Our Latest Report on UE
Urban Edge Properties Stock Up 0.1 %
Shares of UE stock traded up $0.01 on Tuesday, hitting $19.01. The stock had a trading volume of 985,490 shares, compared to its average volume of 879,417. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day moving average of $19.90 and a 200 day moving average of $21.15. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 32.22 and a beta of 1.54.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating 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, analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.19 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 4.00%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's payout ratio is currently 128.81%.
About Urban Edge Properties
(
Free Report)
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.
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