Charles Schwab Investment Management Inc. Has $48.58 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Charles Schwab Investment Management Inc. boosted its holdings in Urban Edge Properties (NYSE:UE) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,271,201 shares of the real estate investment trust’s stock after acquiring an additional 101,111 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.82% of Urban Edge Properties worth $48,581,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in shares of Urban Edge Properties during the 2nd quarter valued at $19,326,000. Principal Financial Group Inc. lifted its holdings in Urban Edge Properties by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust’s stock worth $13,912,000 after purchasing an additional 64,221 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Urban Edge Properties in the third quarter valued at approximately $550,000. Jennison Associates LLC grew 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 valued at $63,443,000 after purchasing an additional 215,879 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Urban Edge Properties by 48.4% during the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock worth $25,973,000 after buying an additional 458,951 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark Langer sold 93,962 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.57, for a total value of $2,214,684.34. Following the transaction, the chief financial officer now owns 35,816 shares in the company, valued at $844,183.12. The trade was a 72.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Urban Edge Properties Stock Down 1.3 %

Shares of NYSE:UE opened at $23.01 on Monday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 10.32 and a beta of 1.54. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The stock’s 50-day moving average price is $22.20 and its 200-day moving average price is $20.23. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The business had revenue of $112.26 million during the quarter. On average, equities analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised 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 research report on Monday, September 16th.

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.