JPMorgan Chase & Co. Acquires 188,130 Shares of Urban Edge Properties (NYSE:UE)

JPMorgan Chase & Co. raised its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 860,064 shares of the real estate investment trust's stock after buying an additional 188,130 shares during the period. JPMorgan Chase & Co. owned about 0.69% of Urban Edge Properties worth $18,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in Urban Edge Properties in the 3rd quarter valued at $269,000. Principal Financial Group Inc. lifted its position in shares of Urban Edge Properties by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock valued at $13,912,000 after acquiring an additional 64,221 shares during the period. Geode Capital Management LLC grew its holdings in Urban Edge Properties by 4.4% in the third 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 purchasing an additional 130,854 shares during the last quarter. KBC Group NV raised its position in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $486,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UE has been the topic of several recent analyst 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 target price on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th.

Urban Edge Properties Stock Performance

NYSE UE traded up $0.32 during trading hours on Thursday, hitting $18.20. The company had a trading volume of 116,228 shares, compared to its average volume of 909,842. 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 has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The business has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $20.81. The firm has a market cap of $2.29 billion, a P/E ratio of 30.86 and a beta of 1.28.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its 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 return on equity of 5.59% and a net margin of 16.31%. Equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio is currently 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.