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

Marshall Wace LLP raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 36.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,309,623 shares of the real estate investment trust’s stock after purchasing an additional 348,070 shares during the quarter. Marshall Wace LLP owned 1.05% of Urban Edge Properties worth $28,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UE. Vanguard Group Inc. raised its position in Urban Edge Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust’s stock valued at $429,187,000 after purchasing an additional 213,478 shares in the last quarter. FMR LLC raised its holdings in shares of Urban Edge Properties by 6.0% in 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 acquiring an additional 835,885 shares in the last quarter. Geode Capital Management LLC lifted its stake in Urban Edge Properties by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust’s stock worth $68,640,000 after acquiring an additional 82,324 shares during the period. Jennison Associates LLC grew its holdings in Urban Edge Properties by 6.9% during the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock worth $68,146,000 after acquiring an additional 203,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Urban Edge Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust’s stock valued at $50,454,000 after purchasing an additional 75,498 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $18.26 on Friday. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The company has a market cap of $2.30 billion, a PE ratio of 30.95 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The business has a 50-day simple moving average of $19.04 and a two-hundred day simple moving average of $20.77.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping 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, equities analysts expect that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.19 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.16%. Urban Edge Properties’s dividend payout ratio (DPR) is 128.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI reduced their price target on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research 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.