Wells Fargo & Company MN Boosts Holdings in Urban Edge Properties (NYSE:UE)

Wells Fargo & Company MN lifted its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,381 shares of the real estate investment trust's stock after acquiring an additional 17,717 shares during the period. Wells Fargo & Company MN owned approximately 0.07% of Urban Edge Properties worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UE. Barclays PLC raised its position in shares of Urban Edge Properties by 346.2% during the third quarter. Barclays PLC now owns 221,007 shares of the real estate investment trust's stock worth $4,727,000 after purchasing an additional 171,478 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Urban Edge Properties in the third quarter valued at $269,000. Principal Financial Group Inc. grew its holdings in shares of Urban Edge Properties by 11.0% during the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock valued at $13,912,000 after buying an additional 64,221 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Urban Edge Properties by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust's stock worth $14,373,000 after purchasing an additional 156,874 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock traded up $0.22 on Thursday, reaching $18.29. 86,446 shares of the company traded hands, compared to its average volume of 922,864. The firm has a market capitalization of $2.30 billion, a PE ratio of 31.00 and a beta of 1.28. The company has a 50 day moving average of $18.67 and a 200 day moving average of $20.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share 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 forecast 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 given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.16%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio is currently 128.81%.

Analyst Ratings Changes

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.