JPMorgan Chase & Co. Has $14.37 Million Position in Urban Edge Properties (NYSE:UE)

JPMorgan Chase & Co. grew its position in Urban Edge Properties (NYSE:UE) by 30.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 671,934 shares of the real estate investment trust’s stock after purchasing an additional 156,874 shares during the period. JPMorgan Chase & Co.’s holdings in Urban Edge Properties were worth $14,373,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of Urban Edge Properties by 8.6% during the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. State Street Corp increased its stake in Urban Edge Properties by 2.6% in the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock valued at $149,524,000 after buying an additional 177,745 shares during the last quarter. Geode Capital Management LLC increased its stake in Urban Edge Properties by 4.4% in the 3rd 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 buying an additional 130,854 shares during the last quarter. Jennison Associates LLC increased its stake in Urban Edge Properties by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock valued at $63,443,000 after buying an additional 215,879 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Urban Edge Properties by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock worth $48,581,000 after purchasing an additional 101,111 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Down 3.3 %

Urban Edge Properties stock opened at $19.66 on Friday. The firm has a market capitalization of $2.45 billion, a PE ratio of 8.82 and a beta of 1.55. The company’s 50-day moving average is $22.32 and its 200-day moving average is $21.06. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The business had revenue of $112.26 million during the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. Sell-side analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, December 13th. Urban Edge Properties’s payout ratio is 30.49%.

Analyst Ratings Changes

Separately, Evercore ISI lowered their price objective on shares of 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.

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now owns 1,931 shares of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Langer sold 93,962 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at $844,183.12. This represents a 72.40 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

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.