Texas Permanent School Fund Boosts Holdings in Urban Edge Properties (NYSE:UE)

Texas Permanent School Fund lifted its stake in Urban Edge Properties (NYSE:UE – Get Rating) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,465 shares of the real estate investment trust’s stock after buying an additional 4,684 shares during the period. Texas Permanent School Fund’s holdings in Urban Edge Properties were worth $1,127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UE. Citigroup Inc. grew its position in Urban Edge Properties by 13.9% during the 1st quarter. Citigroup Inc. now owns 186,801 shares of the real estate investment trust’s stock worth $3,567,000 after purchasing an additional 22,725 shares during the last quarter. Natixis Advisors L.P. grew its position in Urban Edge Properties by 94.1% during the 1st quarter. Natixis Advisors L.P. now owns 24,825 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 12,032 shares during the last quarter. Bank of Montreal Can grew its position in Urban Edge Properties by 143.9% during the 1st quarter. Bank of Montreal Can now owns 34,601 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 20,413 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Urban Edge Properties by 160.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,925 shares of the real estate investment trust’s stock worth $1,813,000 after purchasing an additional 58,419 shares during the last quarter. Finally, BlackRock Inc. grew its position in Urban Edge Properties by 29.0% during the 1st quarter. BlackRock Inc. now owns 20,450,479 shares of the real estate investment trust’s stock worth $390,605,000 after purchasing an additional 4,602,331 shares during the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Up 0.3 %

UE stock opened at $15.50 on Friday. Urban Edge Properties has a one year low of $12.91 and a one year high of $19.85. The stock has a market capitalization of $1.82 billion, a PE ratio of 24.22 and a beta of 1.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.96 and a current ratio of 2.96. The company has a fifty day moving average of $14.78 and a 200-day moving average of $14.97.

Urban Edge Properties (NYSE:UE – Get Rating) last released its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.20). Urban Edge Properties had a return on equity of 7.21% and a net margin of 17.64%. The firm had revenue of $98.18 million during the quarter, compared to analyst estimates of $98.57 million. As a group, analysts expect that Urban Edge Properties will post 1.18 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, December 14th. Urban Edge Properties’s dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI lowered their price objective on shares of Urban Edge Properties to $17.00 in a research report on Thursday, October 20th. StockNews.com downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 19th.

Urban Edge Properties Profile

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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 78 properties totaling 15.1 million square feet of gross leasable area.