Alliancebernstein L.P. Has $6.30 Million Stake in Urban Edge Properties (NYSE:UE)

Alliancebernstein L.P. lifted its stake in Urban Edge Properties (NYSE:UE - Free Report) by 71.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 292,775 shares of the real estate investment trust's stock after buying an additional 121,668 shares during the period. Alliancebernstein L.P. owned about 0.23% of Urban Edge Properties worth $6,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Urban Edge Properties by 76.9% during the 4th 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 period. USA Financial Formulas bought a new stake in shares of Urban Edge Properties in the 4th quarter valued at approximately $93,000. KBC Group NV raised its holdings in shares of Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after buying an additional 1,524 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Urban Edge Properties during the 3rd quarter worth approximately $206,000. Finally, Blue Trust Inc. boosted its stake in Urban Edge Properties by 22.8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 1,813 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

UE traded up $0.38 during trading on Friday, hitting $18.26. The company's stock had a trading volume of 1,329,803 shares, compared to its average volume of 916,761. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 30.95 and a beta of 1.28. The firm's 50 day moving average price is $19.04 and its two-hundred day moving average price is $20.77. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Sell-side analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.16%. 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 currently 128.81%.

Analyst Ratings Changes

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

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.