Teacher Retirement System of Texas Has $2.65 Million Position in Urban Edge Properties (NYSE:UE)

Teacher Retirement System of Texas boosted its position in Urban Edge Properties (NYSE:UE) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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’ holdings in Urban Edge Properties were worth $2,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,029 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Urban Edge Properties in the fourth quarter valued at approximately $93,000. Quest Partners LLC acquired a new stake in Urban Edge Properties during the third quarter worth approximately $101,000. KBC Group NV increased its stake in 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 period. Finally, Coldstream Capital Management Inc. acquired a new position in Urban Edge Properties in the 3rd quarter valued at $206,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Evercore ISI decreased their target price on shares of 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 Stock Down 0.8 %

Shares of UE opened at $18.96 on Wednesday. The firm has a 50 day simple moving average of $20.02 and a two-hundred day simple moving average of $21.22. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a market cap of $2.38 billion, a P/E 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 EPS for the quarter, topping 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%. Research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.19 dividend. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. 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. Urban Edge Properties’s dividend payout ratio (DPR) is presently 128.81%.

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.