JPMorgan Chase & Co. Has $18.49 Million Stock Position in Urban Edge Properties (NYSE:UE)

JPMorgan Chase & Co. raised its stake in Urban Edge Properties (NYSE:UE - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 860,064 shares of the real estate investment trust's stock after buying an additional 188,130 shares during the quarter. JPMorgan Chase & Co. owned 0.69% of Urban Edge Properties worth $18,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UE. Smartleaf Asset Management LLC increased its holdings in Urban Edge Properties by 76.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,029 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Urban Edge Properties in the 4th quarter valued at $93,000. KBC Group NV increased its position in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after buying an additional 1,524 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in Urban Edge Properties during the third quarter valued at about $206,000. Finally, Blue Trust Inc. lifted its position in shares of Urban Edge Properties by 22.8% in the fourth 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 last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UE. Evercore ISI cut their price objective on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note 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.

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Urban Edge Properties Stock Performance

Shares of UE stock traded up $0.25 during trading hours on Tuesday, reaching $17.62. 1,271,506 shares of the company's stock were exchanged, compared to its average volume of 912,080. The business has a fifty day moving average price of $19.25 and a 200-day moving average price of $20.85. The stock has a market capitalization of $2.22 billion, a P/E ratio of 29.87 and a beta of 1.28. 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.

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 earnings per share (EPS) 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%. Analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

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

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.