Urban Edge Properties (NYSE:UE) Hits New 1-Year Low - Here's Why

Urban Edge Properties (NYSE:UE - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $15.66 and last traded at $15.98, with a volume of 85747 shares changing hands. The stock had previously closed at $16.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UE shares. StockNews.com raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research 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 research note on Tuesday, December 24th.

Urban Edge Properties Stock Up 0.6 %

The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 28.97 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 firm's fifty day simple moving average is $19.31 and its 200 day simple moving average is $20.88.

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 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

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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 given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio (DPR) is currently 128.81%.

Institutional Trading of Urban Edge Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in UE. Massachusetts Financial Services Co. MA bought a new position in Urban Edge Properties in the fourth quarter valued at $27,584,000. FMR LLC boosted its stake in shares of Urban Edge Properties by 6.0% during the 4th quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock worth $317,070,000 after buying an additional 835,885 shares during the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Urban Edge Properties by 56.1% in the 4th quarter. Hudson Bay Capital Management LP now owns 1,800,970 shares of the real estate investment trust's stock valued at $38,721,000 after acquiring an additional 646,960 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Urban Edge Properties by 101.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 922,517 shares of the real estate investment trust's stock valued at $19,834,000 after acquiring an additional 464,553 shares during the last quarter. Finally, APG Asset Management US Inc. raised its holdings in Urban Edge Properties by 73.5% during the fourth quarter. APG Asset Management US Inc. now owns 1,076,955 shares of the real estate investment trust's stock worth $23,155,000 after acquiring an additional 456,343 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.