Texas Permanent School Fund Corp Has $1.63 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Texas Permanent School Fund Corp trimmed its holdings in Urban Edge Properties (NYSE:UE) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,052 shares of the real estate investment trust’s stock after selling 14,907 shares during the period. Texas Permanent School Fund Corp owned 0.07% of Urban Edge Properties worth $1,626,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UE. Custom Index Systems LLC bought a new position in shares of Urban Edge Properties during the 2nd quarter worth about $259,000. Arizona State Retirement System lifted its holdings in Urban Edge Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock valued at $609,000 after purchasing an additional 627 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Urban Edge Properties by 2.8% in the second quarter. Rhumbline Advisers now owns 398,963 shares of the real estate investment trust’s stock worth $7,369,000 after acquiring an additional 10,843 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Urban Edge Properties by 14.1% in the second quarter. Natixis Advisors LLC now owns 63,415 shares of the real estate investment trust’s stock worth $1,171,000 after acquiring an additional 7,815 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Urban Edge Properties by 11.2% in the second quarter. Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 1,849 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Performance

NYSE:UE opened at $21.24 on Thursday. The company has a market capitalization of $2.58 billion, a PE ratio of 9.23 and a beta of 1.55. The company has a 50 day simple moving average of $20.17 and a two-hundred day simple moving average of $18.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.11. Urban Edge Properties has a fifty-two week low of $14.36 and a fifty-two week high of $21.66.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $106.36 million for the quarter, compared to analyst estimates of $110.34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. Research analysts anticipate that Urban Edge Properties will post 1.31 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, September 13th. Urban Edge Properties’s payout ratio is currently 29.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

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.