Urban Edge Properties (NYSE:UE) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Urban Edge Properties (NYSE:UE) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,346,699 shares of the real estate investment trust’s stock after purchasing an additional 75,498 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.88% of Urban Edge Properties worth $50,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position 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. Assetmark Inc. lifted its holdings in shares of Urban Edge Properties by 5.0% in the third quarter. Assetmark Inc. now owns 41,523 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 1,965 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Urban Edge Properties in the third quarter valued at $206,000. GSA Capital Partners LLP purchased a new stake in shares of Urban Edge Properties in the third quarter valued at $1,370,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Urban Edge Properties by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,676 shares of the real estate investment trust’s stock valued at $2,838,000 after purchasing an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 2.8 %

NYSE UE opened at $18.33 on Friday. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.30 billion, a PE ratio of 31.06 and a beta of 1.54. The firm’s fifty day simple moving average is $20.33 and its 200-day simple moving average is $21.36.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 earnings per share 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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Friday, March 14th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s payout ratio is presently 128.81%.

Analysts Set New Price Targets

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

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.