Vanguard Group Inc. Increases Position in Urban Edge Properties (NYSE:UE)

Vanguard Group Inc. increased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,962,196 shares of the real estate investment trust's stock after buying an additional 213,478 shares during the quarter. Vanguard Group Inc. owned 15.99% of Urban Edge Properties worth $429,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UE. Smartleaf Asset Management LLC lifted its position in shares of Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,029 shares in the last quarter. USA Financial Formulas purchased a new position in Urban Edge Properties during the fourth quarter valued at approximately $93,000. KBC Group NV increased its stake in shares of Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Urban Edge Properties during the 3rd quarter valued at $206,000. Finally, Blue Trust Inc. raised its position in shares of Urban Edge Properties by 22.8% during the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 1,813 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE:UE traded down $0.64 during midday trading on Friday, reaching $17.40. 1,378,036 shares of the company were exchanged, compared to its average volume of 884,221. The stock has a market cap of $2.19 billion, a PE ratio of 29.48 and a beta of 1.28. The business's fifty day moving average is $19.79 and its two-hundred day moving average is $21.09. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE - Get Free Report) last released 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%. As a group, analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.19 dividend. 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.37%. Urban Edge Properties's dividend payout ratio (DPR) is 128.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UE. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note 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 on the stock in a research note on Tuesday, December 24th.

Urban Edge Properties Company Profile

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.