Oregon Public Employees Retirement Fund Raises Stock Position in Urban Edge Properties (NYSE:UE)

Oregon Public Employees Retirement Fund boosted its position in shares of Urban Edge Properties (NYSE:UE) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,384 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Urban Edge Properties were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in Urban Edge Properties by 8.6% during the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after purchasing an additional 1,096,560 shares during the period. State Street Corp increased its position in shares of Urban Edge Properties by 2.6% during the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock valued at $149,524,000 after acquiring an additional 177,745 shares during the last quarter. Jennison Associates LLC increased its position in shares of Urban Edge Properties by 6.9% during 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 acquiring an additional 203,569 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Urban Edge Properties by 4.4% during the third quarter. Geode Capital Management LLC now owns 3,109,608 shares of the real estate investment trust’s stock valued at $66,525,000 after acquiring an additional 130,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Urban Edge Properties by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock valued at $48,581,000 after acquiring an additional 101,111 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Trading Up 1.4 %

Shares of UE stock opened at $20.61 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.59 billion, a P/E ratio of 34.94 and a beta of 1.54. The company has a 50 day moving average price of $20.60 and a 200 day moving average price of $21.38. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data 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 net margin of 16.31% and a return on equity of 5.59%. Equities research analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

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

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction that occurred 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 $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UE shares. 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 dropped 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.

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.