American Century Companies Inc. Has $38.47 Million Stake in Urban Edge Properties (NYSE:UE)

American Century Companies Inc. increased its position in shares of Urban Edge Properties (NYSE:UE) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,789,168 shares of the real estate investment trust’s stock after purchasing an additional 291,125 shares during the period. American Century Companies Inc. owned approximately 1.43% of Urban Edge Properties worth $38,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UE. FMR LLC lifted its holdings in shares of Urban Edge Properties by 8.6% during the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after buying an additional 1,096,560 shares in the last quarter. State Street Corp increased its position in Urban Edge Properties by 2.6% during the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock worth $149,524,000 after acquiring an additional 177,745 shares during the period. Jennison Associates LLC raised its stake in Urban Edge Properties by 6.9% in 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 purchasing an additional 203,569 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Urban Edge Properties by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,109,608 shares of the real estate investment trust’s stock valued at $66,525,000 after purchasing an additional 130,854 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $50,454,000 after purchasing an additional 75,498 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UE has been the subject of several recent research reports. Evercore ISI cut 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 note on Tuesday, December 24th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

Urban Edge Properties Price Performance

UE stock opened at $18.88 on Friday. The company’s 50-day moving average price is $19.97 and its two-hundred day moving average price is $21.19. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm has a market cap of $2.37 billion, a P/E ratio of 32.00 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data 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%. On average, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s payout ratio is currently 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.