Vestcor Inc Acquires 3,849 Shares of Urban Edge Properties (NYSE:UE)

Vestcor Inc lifted its holdings in Urban Edge Properties (NYSE:UE) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110,562 shares of the real estate investment trust’s stock after purchasing an additional 3,849 shares during the quarter. Vestcor Inc owned about 0.09% of Urban Edge Properties worth $2,377,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UE. Daiwa Securities Group Inc. raised its stake in shares of Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust’s stock valued at $883,000 after purchasing an additional 659 shares during the period. Amalgamated Bank raised its position in Urban Edge Properties by 2.0% in the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust’s stock valued at $780,000 after buying an additional 724 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Urban Edge Properties by 2.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 800 shares in the last quarter. Arizona State Retirement System boosted its position in Urban Edge Properties by 2.9% during the 4th quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 1,029 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Up 0.7 %

UE stock opened at $18.47 on Friday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 31.31 and a beta of 1.54. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The business has a 50 day moving average price of $20.27 and a two-hundred day moving average price of $21.33. 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 released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share 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%. Analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.11%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI cut their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

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.