Geode Capital Management LLC raised its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,191,932 shares of the real estate investment trust's stock after acquiring an additional 82,324 shares during the period. Geode Capital Management LLC owned 2.56% of Urban Edge Properties worth $68,640,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in shares of Urban Edge Properties by 14.0% in the third quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust's stock worth $701,000 after acquiring an additional 4,019 shares during the last quarter. Verition Fund Management LLC raised its stake in Urban Edge Properties by 13.7% during the third quarter. Verition Fund Management LLC now owns 14,371 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 1,735 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Urban Edge Properties by 16.3% in the 3rd quarter. Quantinno Capital Management LP now owns 22,415 shares of the real estate investment trust's stock valued at $479,000 after purchasing an additional 3,140 shares during the last quarter. State Street Corp grew its stake in shares of Urban Edge Properties by 2.6% during the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust's stock valued at $149,524,000 after buying an additional 177,745 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Urban Edge Properties by 1,499.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust's stock worth $34,216,000 after buying an additional 1,499,628 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Evercore ISI decreased their target price 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.
Read Our Latest Stock Report on Urban Edge Properties
Urban Edge Properties Stock Up 1.5 %
Urban Edge Properties stock traded up $0.25 during trading on Tuesday, reaching $17.62. 1,271,506 shares of the company's stock were exchanged, compared to its average volume of 912,080. Urban Edge Properties has a 52-week low of $13.34 and a 52-week high of $23.85. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 29.87 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The company's 50-day moving average is $19.25 and its two-hundred day moving average is $20.85.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its 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 return on equity of 5.59% and a net margin of 16.31%. On average, analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.19 per share. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 4.31%. Urban Edge Properties's payout ratio is 128.81%.
Urban Edge Properties Company Profile
(
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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