Swiss National Bank Has $4.40 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Swiss National Bank raised its holdings in Urban Edge Properties (NYSE:UE) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,609 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the quarter. Swiss National Bank’s holdings in Urban Edge Properties were worth $4,404,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UE. Retirement Systems of Alabama increased its stake in shares of Urban Edge Properties by 0.4% in the first quarter. Retirement Systems of Alabama now owns 143,572 shares of the real estate investment trust’s stock worth $2,372,000 after purchasing an additional 583 shares during the period. First Trust Advisors LP increased its stake in shares of Urban Edge Properties by 2.1% in the first quarter. First Trust Advisors LP now owns 41,610 shares of the real estate investment trust’s stock worth $791,000 after purchasing an additional 838 shares during the period. Principal Financial Group Inc. increased its stake in shares of Urban Edge Properties by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 318,364 shares of the real estate investment trust’s stock worth $4,120,000 after purchasing an additional 1,119 shares during the period. Van ECK Associates Corp increased its stake in shares of Urban Edge Properties by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 4,663 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,163 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Urban Edge Properties by 1.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 86,700 shares of the real estate investment trust’s stock worth $1,122,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Shares of UE opened at $20.10 on Friday. Urban Edge Properties has a 12-month low of $8.99 and a 12-month high of $20.33. The company has a quick ratio of 6.33, a current ratio of 6.33 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 36.55 and a beta of 1.77. The firm’s 50-day moving average price is $18.65.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Sunday, May 2nd. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Urban Edge Properties had a return on equity of 6.35% and a net margin of 19.35%. On average, equities research analysts expect that Urban Edge Properties will post 1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, June 14th. Urban Edge Properties’s payout ratio is 68.18%.

A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Friday, April 23rd. TheStreet upgraded Urban Edge Properties from a “d+” rating to a “c” rating in a research note on Monday, February 22nd. Capital One Financial lowered Urban Edge Properties from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 19th. Finally, Morgan Stanley boosted their price target on Urban Edge Properties from $13.50 to $17.25 and gave the company an “underweight” rating in a research note on Tuesday, May 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.31.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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