Louisiana State Employees Retirement System Purchases New Shares in Urban Edge Properties (NYSE:UE)

Louisiana State Employees Retirement System purchased a new stake in Urban Edge Properties (NYSE:UE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 58,900 shares of the real estate investment trust’s stock, valued at approximately $1,078,000.

Other large investors have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. acquired a new stake in Urban Edge Properties in the 3rd quarter valued at about $174,000. Oppenheimer Asset Management Inc. grew its stake in Urban Edge Properties by 7.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 841 shares during the last quarter. Pathstone Family Office LLC grew its stake in Urban Edge Properties by 14.6% in the 3rd quarter. Pathstone Family Office LLC now owns 15,550 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 1,983 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Urban Edge Properties in the 3rd quarter valued at about $270,000. Finally, Raymond James & Associates acquired a new stake in shares of Urban Edge Properties during the 4th quarter worth about $365,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Robert C. Milton III sold 26,333 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $16.82 on Wednesday. Urban Edge Properties has a 12-month low of $13.13 and a 12-month high of $18.79. The stock has a market capitalization of $2.00 billion, a P/E ratio of 7.93 and a beta of 1.49. The firm’s 50-day moving average is $16.82 and its two-hundred day moving average is $16.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.42 and a quick ratio of 2.42.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The company had revenue of $106.25 million for the quarter. Equities analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.17 per share. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 32.08%.

About Urban Edge Properties

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.