Teacher Retirement System of Texas Acquires 7,217 Shares of Urban Edge Properties (NYSE:UE)

Teacher Retirement System of Texas lifted its holdings in Urban Edge Properties (NYSE:UE) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,056 shares of the real estate investment trust’s stock after purchasing an additional 7,217 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Urban Edge Properties worth $2,646,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Urban Edge Properties by 1,499.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock worth $34,216,000 after buying an additional 1,499,628 shares in the last quarter. FMR LLC increased its position in shares of Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Urban Edge Properties by 438.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock worth $16,747,000 after acquiring an additional 637,587 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in Urban Edge Properties by 718.6% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock valued at $9,621,000 after purchasing an additional 392,820 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Urban Edge Properties by 6.9% in the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock valued at $68,146,000 after purchasing an additional 203,569 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UE. Evercore ISI dropped their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Urban Edge Properties Price Performance

NYSE:UE opened at $18.96 on Wednesday. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 32.14 and a beta of 1.54. The stock’s 50 day moving average price is $20.02 and its two-hundred day moving average price is $21.22. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

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 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%. On average, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

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

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.