Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Urban Edge Properties (NYSE:UE)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Urban Edge Properties (NYSE:UE) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 82,171 shares of the real estate investment trust’s stock after acquiring an additional 4,321 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Urban Edge Properties were worth $1,756,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of Urban Edge Properties by 47.6% during the third quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust’s stock valued at $4,020,000 after acquiring an additional 60,634 shares during the last quarter. Cerity Partners LLC raised its position in Urban Edge Properties by 92.1% in the third quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 20,132 shares during the period. BNP Paribas Financial Markets lifted its stake in Urban Edge Properties by 14.0% during the third quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 4,019 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Urban Edge Properties during the third quarter worth $971,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after buying an additional 637,587 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UE shares. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Evercore ISI reduced their price objective on shares of 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 Trading Up 0.1 %

NYSE:UE opened at $19.01 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The stock has a market cap of $2.39 billion, a P/E ratio of 32.22 and a beta of 1.54. The stock has a 50-day simple moving average of $19.90 and a 200-day simple moving average of $21.15.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate 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, analysts anticipate 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 given a $0.19 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 4.00%. Urban Edge Properties’s payout ratio is 128.81%.

Urban Edge Properties Company 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.