Pictet Asset Management Holding SA Has $848,000 Stake in Urban Edge Properties (NYSE:UE)

Pictet Asset Management Holding SA grew its holdings in Urban Edge Properties (NYSE:UE) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,420 shares of the real estate investment trust’s stock after purchasing an additional 3,521 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Urban Edge Properties were worth $848,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in Urban Edge Properties by 14.0% during the third quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust’s stock worth $701,000 after acquiring an additional 4,019 shares during the period. Verition Fund Management LLC increased its holdings in shares of Urban Edge Properties by 13.7% during the 3rd quarter. Verition Fund Management LLC now owns 14,371 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 1,735 shares during the period. Quantinno Capital Management LP raised its position in shares of Urban Edge Properties by 16.3% during the third quarter. Quantinno Capital Management LP now owns 22,415 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 3,140 shares during the last quarter. State Street Corp grew its position in Urban Edge Properties by 2.6% during the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock worth $149,524,000 after buying an additional 177,745 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Urban Edge Properties by 1,499.6% in the 3rd 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 acquiring an additional 1,499,628 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Down 2.8 %

NYSE UE opened at $16.91 on Tuesday. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 28.65 and a beta of 1.28. The stock’s 50 day moving average is $19.71 and its two-hundred day moving average is $21.06. 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) last announced its quarterly earnings results 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 return on equity of 5.59% and a net margin of 16.31%. Equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.19 per share. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

Analyst Upgrades and Downgrades

UE has been the topic of a number of research reports. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Evercore ISI dropped their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note 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.