Fmr LLC Raises Stake in Urban Edge Properties (NYSE:UE)

FMR LLC raised its stake in Urban Edge Properties (NYSE:UE - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,747,456 shares of the real estate investment trust's stock after buying an additional 835,885 shares during the quarter. FMR LLC owned about 11.81% of Urban Edge Properties worth $317,070,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,029 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth about $93,000. KBC Group NV boosted its stake in shares of Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 1,524 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Urban Edge Properties in the third quarter valued at approximately $206,000. Finally, Blue Trust Inc. increased its stake in Urban Edge Properties by 22.8% during the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock worth $209,000 after buying an additional 1,813 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

Shares of UE stock traded up $0.24 during trading hours on Tuesday, reaching $17.61. 776,686 shares of the company's stock were exchanged, compared to its average volume of 910,315. 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 company's 50 day moving average is $19.25 and its two-hundred day moving average is $20.85. The company has a market cap of $2.21 billion, a P/E ratio of 29.87 and a beta of 1.28. Urban Edge Properties has a 1 year low of $13.34 and a 1 year high of $23.85.

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

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.32%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio (DPR) is currently 128.81%.

Analysts Set New Price Targets

UE has been the subject of a number of analyst reports. Evercore ISI lowered their price objective on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note 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.