Charles Schwab Investment Management Inc. grew its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,346,699 shares of the real estate investment trust's stock after buying an additional 75,498 shares during the period. Charles Schwab Investment Management Inc. owned 1.88% of Urban Edge Properties worth $50,454,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Urban Edge Properties by 76.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,029 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Urban Edge Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,916 shares of the real estate investment trust's stock valued at $299,000 after purchasing an additional 1,420 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Urban Edge Properties in the fourth quarter valued at about $486,000. Oregon Public Employees Retirement Fund increased its position in Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock worth $632,000 after purchasing an additional 800 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Urban Edge Properties by 6.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 66,314 shares of the real estate investment trust's stock worth $1,426,000 after purchasing an additional 4,006 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.
Urban Edge Properties Stock Up 1.1 %
Shares of Urban Edge Properties stock traded up $0.20 on Monday, reaching $18.65. 649,853 shares of the company were exchanged, compared to its average volume of 819,069. The stock's 50 day moving average price is $20.22 and its 200-day moving average price is $21.32. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a market cap of $2.34 billion, a P/E ratio of 31.60 and a beta of 1.54.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 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%. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.08%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio is currently 128.81%.
Analyst Ratings Changes
UE has been the subject of a number of research analyst reports. StockNews.com cut Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Wednesday, March 12th. Evercore ISI reduced their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th.
Check Out Our Latest Report on UE
Urban Edge Properties Profile
(
Free Report)
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.
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