Amundi Purchases 39,948 Shares of Urban Edge Properties (NYSE:UE)

Amundi grew its position in Urban Edge Properties (NYSE:UE - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,430 shares of the real estate investment trust's stock after purchasing an additional 39,948 shares during the period. Amundi owned about 0.10% of Urban Edge Properties worth $2,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Urban Edge Properties by 11.0% in the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock worth $13,912,000 after purchasing an additional 64,221 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Urban Edge Properties during the 3rd quarter valued at about $206,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Urban Edge Properties by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,676 shares of the real estate investment trust's stock valued at $2,838,000 after acquiring an additional 4,080 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of Urban Edge Properties in the 3rd quarter valued at approximately $267,000. Finally, Quest Partners LLC acquired a new stake in Urban Edge Properties in the 3rd quarter worth approximately $101,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

UE stock traded up $0.02 on Thursday, reaching $18.77. 499,348 shares of the company were exchanged, compared to its average volume of 816,916. The firm has a market capitalization of $2.35 billion, a PE ratio of 31.81 and a beta of 1.54. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The stock's fifty day moving average price is $20.11 and its 200 day moving average price is $21.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92.

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Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.05%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Urban Edge Properties's payout ratio is presently 128.81%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI reduced their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Thursday.

Urban Edge Properties 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.