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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Urban Edge Properties (NYSE:UE) by 43.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,319 shares of the real estate investment trust’s stock after acquiring an additional 20,339 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Urban Edge Properties were worth $1,447,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,029 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Urban Edge Properties during the 4th quarter valued at $93,000. Quest Partners LLC purchased a new stake in shares of Urban Edge Properties during the 3rd quarter valued at $101,000. KBC Group NV lifted its holdings in shares of Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Urban Edge Properties in the third quarter worth $206,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock opened at $18.96 on Wednesday. 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 has a 52-week low of $15.81 and a 52-week high of $23.85. The company has a fifty day moving average of $20.02 and a 200-day moving average of $21.22. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 32.14 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (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%. Equities research analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.19 dividend. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties’s payout ratio is 128.81%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UE. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Evercore ISI decreased their price objective on 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.

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.