Cbre Clarion Securities LLC boosted its position in shares of Urban Edge Properties (NYSE:UE) by 39.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,362,390 shares of the real estate investment trust’s stock after purchasing an additional 385,215 shares during the period. Cbre Clarion Securities LLC owned approximately 1.17% of Urban Edge Properties worth $12,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UE. First Trust Advisors LP grew its holdings in Urban Edge Properties by 2.1% during the 1st quarter. First Trust Advisors LP now owns 41,610 shares of the real estate investment trust’s stock worth $791,000 after acquiring an additional 838 shares in the last quarter. American International Group Inc. grew its holdings in Urban Edge Properties by 0.3% during the 4th quarter. American International Group Inc. now owns 292,545 shares of the real estate investment trust’s stock worth $5,611,000 after acquiring an additional 881 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Urban Edge Properties by 1.5% during the 4th quarter. Mason Street Advisors LLC now owns 61,253 shares of the real estate investment trust’s stock worth $1,175,000 after acquiring an additional 886 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Urban Edge Properties by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 329,141 shares of the real estate investment trust’s stock worth $6,313,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in Urban Edge Properties by 5.2% during the 4th quarter. Pictet Asset Management Ltd. now owns 24,500 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 1,200 shares in the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on UE shares. Odeon Capital Group started coverage on shares of Urban Edge Properties in a report on Wednesday, April 8th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research downgraded shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, ValuEngine upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Urban Edge Properties has a consensus rating of “Hold” and a consensus target price of $16.15.

NYSE:UE traded up $0.99 during mid-day trading on Wednesday, hitting $11.60. The stock had a trading volume of 31,430 shares, compared to its average volume of 1,160,531. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.65 and a beta of 1.47. The company has a 50 day simple moving average of $9.45 and a 200-day simple moving average of $15.19. Urban Edge Properties has a 52 week low of $6.98 and a 52 week high of $21.74. The company has a current ratio of 10.61, a quick ratio of 10.61 and a debt-to-equity ratio of 1.62.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.35. The firm had revenue of $93.36 million for the quarter, compared to the consensus estimate of $96.60 million. Urban Edge Properties had a net margin of 34.69% and a return on equity of 13.10%. As a group, equities research analysts anticipate that Urban Edge Properties will post 0.81 earnings per share for the current year.

Urban Edge Properties Company 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 87 properties totaling 16.1 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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