Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in Urban Edge Properties (NYSE:UE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,319 shares of the real estate investment trust's stock after buying an additional 20,339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Urban Edge Properties worth $1,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UE. FMR LLC increased its holdings in shares of Urban Edge Properties by 8.6% in the 3rd 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 during the last quarter. State Street Corp increased its position in shares of Urban Edge Properties by 2.6% during the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust's stock valued at $149,524,000 after purchasing an additional 177,745 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Urban Edge Properties by 6.9% during the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock valued at $68,146,000 after buying an additional 203,569 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $66,525,000 after buying an additional 130,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Urban Edge Properties by 3.3% in 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 buying an additional 75,498 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

UE has been the topic of several research reports. Evercore ISI decreased their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

Urban Edge Properties Trading Up 0.1 %

Shares of NYSE UE traded up $0.01 during midday trading on Friday, reaching $18.88. The company had a trading volume of 529,300 shares, compared to its average volume of 877,245. The firm's fifty day moving average price is $19.95 and its 200-day moving average price is $21.18. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The stock has a market cap of $2.37 billion, a PE ratio of 32.00 and a beta of 1.54.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.19 per share. 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 4.03%. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties's dividend payout ratio is currently 128.81%.

Urban Edge Properties 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.