Vanguard Group Inc. Acquires 213,478 Shares of Urban Edge Properties (NYSE:UE)

Vanguard Group Inc. lifted its holdings in Urban Edge Properties (NYSE:UE) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,962,196 shares of the real estate investment trust’s stock after buying an additional 213,478 shares during the period. Vanguard Group Inc. owned approximately 0.16% of Urban Edge Properties worth $429,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UE. Smartleaf Asset Management LLC increased its stake in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,029 shares during the last quarter. USA Financial Formulas bought a new position in shares of Urban Edge Properties during the 4th quarter valued at approximately $93,000. KBC Group NV raised its holdings in Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,524 shares during the period. Coldstream Capital Management Inc. bought a new stake in Urban Edge Properties in the third quarter worth $206,000. Finally, Blue Trust Inc. boosted its stake in Urban Edge Properties by 22.8% during the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,813 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UE. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Evercore ISI dropped their target price on 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 Stock Performance

UE stock opened at $19.01 on Wednesday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 32.22 and a beta of 1.54. The business’s fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $21.15. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.19 per share. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.00%. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

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.