Marshall Wace LLP Buys 348,070 Shares of Urban Edge Properties (NYSE:UE)

Marshall Wace LLP lifted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 36.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,309,623 shares of the real estate investment trust's stock after acquiring an additional 348,070 shares during the period. Marshall Wace LLP owned 1.05% of Urban Edge Properties worth $28,157,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new position in Urban Edge Properties in the 4th quarter valued at about $27,584,000. FMR LLC boosted its position in shares of Urban Edge Properties by 6.0% during the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock valued at $317,070,000 after buying an additional 835,885 shares during the last quarter. APG Asset Management US Inc. boosted its position in shares of Urban Edge Properties by 73.5% during the fourth quarter. APG Asset Management US Inc. now owns 1,076,955 shares of the real estate investment trust's stock valued at $23,155,000 after buying an additional 456,343 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in Urban Edge Properties by 718.6% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust's stock worth $9,621,000 after buying an additional 392,820 shares in the last quarter. Finally, Norges Bank bought a new position in Urban Edge Properties during the 4th quarter valued at $6,697,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

Shares of UE stock traded up $0.05 during trading on Thursday, hitting $18.47. The company's stock had a trading volume of 102,387 shares, compared to its average volume of 911,173. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a market cap of $2.32 billion, a PE ratio of 31.33 and a beta of 1.28. The business has a fifty day moving average of $18.87 and a 200-day moving average of $20.71. 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 - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 4.11%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio (DPR) is currently 128.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report 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.