Urban Edge Properties (NYSE:UE) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in shares of Urban Edge Properties (NYSE:UE) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 29,384 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Urban Edge Properties were worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of 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 during the last quarter. FMR LLC lifted its position in shares of Urban Edge Properties by 8.6% during the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after buying an additional 1,096,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Urban Edge Properties by 438.7% during the 3rd 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 buying an additional 637,587 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Urban Edge Properties by 7.8% during the 3rd quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock worth $63,443,000 after buying an additional 215,879 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Urban Edge Properties by 2.6% during the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock worth $149,524,000 after buying an additional 177,745 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI reduced their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th.

Urban Edge Properties Stock Up 1.4 %

UE stock opened at $20.61 on Monday. The company has a fifty day moving average price of $20.60 and a 200 day moving average price of $21.38. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 34.94 and a beta of 1.54. 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 (NYSE:UE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Sell-side analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.69%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares in the company, valued at approximately $43,350.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

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.