Vanguard Group Inc. raised its stake in Urban Edge Properties (NYSE:UE - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,962,196 shares of the real estate investment trust's stock after purchasing an additional 213,478 shares during the period. Vanguard Group Inc. owned 15.99% of Urban Edge Properties worth $429,187,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Urban Edge Properties by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust's stock worth $14,373,000 after acquiring an additional 156,874 shares during the period. Sanctuary Advisors LLC purchased a new position in Urban Edge Properties during the 3rd quarter worth $269,000. Geode Capital Management LLC grew its holdings in shares of Urban Edge Properties by 4.4% in the third quarter. Geode Capital Management LLC now owns 3,109,608 shares of the real estate investment trust's stock valued at $66,525,000 after acquiring an additional 130,854 shares in the last quarter. Principal Financial Group Inc. grew its position in Urban Edge Properties by 11.0% during the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock valued at $13,912,000 after buying an additional 64,221 shares during the period. Finally, Citigroup Inc. increased its position in Urban Edge Properties by 47.6% in the third quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust's stock worth $4,020,000 after buying an additional 60,634 shares during the last quarter. 94.94% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Evercore ISI reduced their price target 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.
Check Out Our Latest Stock Analysis on UE
Urban Edge Properties Price Performance
Shares of UE stock traded down $0.64 during mid-day trading on Friday, hitting $17.40. The company had a trading volume of 1,378,036 shares, compared to its average volume of 880,821. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85. 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 stock's 50 day moving average price is $19.85 and its 200-day moving average price is $21.12. The company has a market capitalization of $2.19 billion, a P/E ratio of 29.48 and a beta of 1.28.
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, 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%. Equities research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.37%. The ex-dividend date 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 is currently 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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