Urban Edge Properties (NYSE:UE) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its holdings in Urban Edge Properties (NYSE:UE – Get Rating) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,482 shares of the real estate investment trust’s stock after selling 16,190 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Urban Edge Properties worth $1,514,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UE. BlackRock Inc. boosted its stake in shares of Urban Edge Properties by 29.0% in the first quarter. BlackRock Inc. now owns 20,450,479 shares of the real estate investment trust’s stock valued at $390,605,000 after purchasing an additional 4,602,331 shares during the period. Fisher Asset Management LLC bought a new position in Urban Edge Properties during the 4th quarter valued at $22,298,000. Vanguard Group Inc. boosted its stake in Urban Edge Properties by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 18,080,860 shares of the real estate investment trust’s stock valued at $345,345,000 after acquiring an additional 1,204,987 shares during the last quarter. State Street Corp boosted its stake in Urban Edge Properties by 18.1% during the 1st quarter. State Street Corp now owns 6,993,442 shares of the real estate investment trust’s stock valued at $133,575,000 after acquiring an additional 1,074,039 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in Urban Edge Properties by 45.1% during the 3rd quarter. Centersquare Investment Management LLC now owns 2,695,272 shares of the real estate investment trust’s stock valued at $35,955,000 after acquiring an additional 838,258 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

Urban Edge Properties Trading Down 0.1 %

NYSE UE opened at $14.21 on Monday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 35.53 and a beta of 1.54. Urban Edge Properties has a 12 month low of $12.91 and a 12 month high of $19.71. The company’s fifty day moving average price is $14.39 and its two-hundred day moving average price is $14.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.06 and a quick ratio of 2.06.

Urban Edge Properties (NYSE:UE – Get Rating) last issued its earnings results on Tuesday, February 14th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.18). The business had revenue of $101.33 million for the quarter, compared to analyst estimates of $101.36 million. Urban Edge Properties had a return on equity of 4.46% and a net margin of 11.60%. As a group, research analysts predict that Urban Edge Properties will post 1.16 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.50%. Urban Edge Properties’s dividend payout ratio (DPR) is 160.00%.

Insiders Place Their Bets

In related news, General Counsel Robert C. Milton III sold 20,000 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $15.83, for a total value of $316,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Urban Edge Properties in a research note on Thursday, March 16th. They set a “sell” rating on the stock.

Urban Edge Properties Company Profile

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Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, redevelopment, and management of retail real estate. Its portfolio includes shopping centers, malls, and industrial parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.