Urban Edge Properties (UE) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in Urban Edge Properties (NYSE:UE) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,285 shares of the real estate investment trust’s stock after purchasing an additional 10,081 shares during the period. Retirement Systems of Alabama owned about 0.13% of Urban Edge Properties worth $3,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund lifted its holdings in Urban Edge Properties by 4.9% during the 3rd quarter. Texas Permanent School Fund now owns 71,744 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 3,357 shares during the last quarter. Green Street Investors LLC bought a new position in shares of Urban Edge Properties in the third quarter worth about $2,009,000. Louisiana State Employees Retirement System raised its stake in shares of Urban Edge Properties by 9.1% in the third quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 2,600 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Urban Edge Properties by 483.4% in the third quarter. Bank of Montreal Can now owns 144,004 shares of the real estate investment trust’s stock worth $3,180,000 after acquiring an additional 119,319 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Urban Edge Properties by 1.2% in the second quarter. Northern Trust Corp now owns 2,241,792 shares of the real estate investment trust’s stock worth $51,270,000 after acquiring an additional 25,695 shares during the last quarter. Institutional investors own 86.56% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st.

Shares of NYSE UE opened at $20.80 on Thursday. Urban Edge Properties has a 1-year low of $19.51 and a 1-year high of $26.19. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.52 and a beta of 0.57. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 1.52.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. Urban Edge Properties had a net margin of 20.55% and a return on equity of 8.39%. The company had revenue of $112.21 million during the quarter, compared to the consensus estimate of $94.49 million. On average, equities research analysts anticipate that Urban Edge Properties will post 1.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, December 13th. Urban Edge Properties’s dividend payout ratio is presently 65.67%.

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Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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