Swiss National Bank Increases Stake in Urban Edge Properties (NYSE:UE)

Swiss National Bank grew its position in Urban Edge Properties (NYSE:UE) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 238,609 shares of the real estate investment trust’s stock after buying an additional 6,700 shares during the period. Swiss National Bank owned approximately 0.19% of Urban Edge Properties worth $5,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Urban Edge Properties by 1,499.6% during the third quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock valued at $34,216,000 after buying an additional 1,499,628 shares during the last quarter. FMR LLC boosted its holdings in shares of Urban Edge Properties by 8.6% during the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock worth $16,747,000 after acquiring an additional 637,587 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Urban Edge Properties by 718.6% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock valued at $9,621,000 after purchasing an additional 392,820 shares during the last quarter. Finally, Jennison Associates LLC lifted its position 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 valued at $68,146,000 after purchasing an additional 203,569 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 2.3 %

UE stock opened at $19.10 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The business has a 50 day simple moving average of $20.04 and a two-hundred day simple moving average of $21.23. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.38 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results 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%. Research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 3.98%. 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 128.81%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Evercore ISI cut their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th.

Urban Edge Properties 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.