Hsbc Holdings PLC Purchases 12,693 Shares of Urban Edge Properties (NYSE:UE)

Hsbc Holdings PLC boosted its position in Urban Edge Properties (NYSE:UE) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,695 shares of the real estate investment trust’s stock after purchasing an additional 12,693 shares during the quarter. Hsbc Holdings PLC’s holdings in Urban Edge Properties were worth $2,271,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UE. Barclays PLC raised its holdings in Urban Edge Properties by 346.2% in the third quarter. Barclays PLC now owns 221,007 shares of the real estate investment trust’s stock worth $4,727,000 after purchasing an additional 171,478 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Urban Edge Properties by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust’s stock worth $13,912,000 after purchasing an additional 64,221 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Urban Edge Properties by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust’s stock worth $14,373,000 after purchasing an additional 156,874 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Urban Edge Properties in the 4th quarter worth about $93,000. Finally, Blue Trust Inc. raised its position in shares of Urban Edge Properties by 22.8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,813 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

NYSE UE opened at $18.08 on Thursday. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The stock has a 50-day moving average of $18.67 and a 200 day moving average of $20.61. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 30.64 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.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, sell-side analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.19 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

About Urban Edge Properties

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.