Legal & General Group Plc lowered its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 850,338 shares of the real estate investment trust's stock after selling 35,472 shares during the period. Legal & General Group Plc owned approximately 0.68% of Urban Edge Properties worth $18,282,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Urban Edge Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust's stock valued at $429,187,000 after buying an additional 213,478 shares in the last quarter. FMR LLC increased its stake in Urban Edge Properties by 6.0% in the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock valued at $317,070,000 after acquiring an additional 835,885 shares during the period. Geode Capital Management LLC raised its position in Urban Edge Properties by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock worth $68,640,000 after purchasing an additional 82,324 shares in the last quarter. Jennison Associates LLC lifted its stake in Urban Edge Properties by 6.9% during the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock worth $68,146,000 after purchasing an additional 203,569 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Urban Edge Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust's stock valued at $50,454,000 after purchasing an additional 75,498 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.
Wall Street Analyst Weigh In
UE has been the subject of a number of recent research reports. StockNews.com raised Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Evercore ISI dropped 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 note on Tuesday, December 24th.
Check Out Our Latest Report on Urban Edge Properties
Urban Edge Properties Price Performance
NYSE:UE traded up $0.38 on Friday, reaching $18.26. The stock had a trading volume of 1,329,803 shares, compared to its average volume of 916,761. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.30 billion, a P/E ratio of 30.95 and a beta of 1.28. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The stock has a fifty day moving average price of $19.04 and a 200-day moving average price of $20.77.
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 net margin of 16.31% and a return on equity of 5.59%. Research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.16%. Urban Edge Properties's dividend payout ratio (DPR) is 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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