Wells Fargo & Company MN Purchases 17,717 Shares of Urban Edge Properties (NYSE:UE)

Wells Fargo & Company MN raised its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,381 shares of the real estate investment trust's stock after buying an additional 17,717 shares during the period. Wells Fargo & Company MN owned about 0.07% of Urban Edge Properties worth $2,008,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. bought a new stake in shares of Urban Edge Properties in the 4th quarter worth approximately $1,060,000. Yoffe Investment Management LLC purchased a new stake in Urban Edge Properties in the fourth quarter worth about $224,000. Massachusetts Financial Services Co. MA purchased a new stake in Urban Edge Properties in the fourth quarter worth about $27,584,000. May Hill Capital LLC bought a new stake in Urban Edge Properties during the 4th quarter valued at approximately $481,000. Finally, Geode Capital Management LLC raised its position in shares of Urban Edge Properties by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock worth $68,640,000 after acquiring an additional 82,324 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Down 1.8 %

Shares of Urban Edge Properties stock traded down $0.34 during trading on Tuesday, hitting $18.19. The company's stock had a trading volume of 1,265,972 shares, compared to its average volume of 921,055. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. 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 company has a fifty day simple moving average of $18.75 and a two-hundred day simple moving average of $20.65. The company has a market capitalization of $2.29 billion, a PE ratio of 30.83 and a beta of 1.28.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (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%. Equities research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business 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. This is a boost 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 4.18%. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties's dividend payout ratio is currently 128.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

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.