State of New Jersey Common Pension Fund D Sells 5,513 Shares of Urban Edge Properties (NYSE:UE)

State of New Jersey Common Pension Fund D reduced its stake in Urban Edge Properties (NYSE:UE) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,440 shares of the real estate investment trust’s stock after selling 5,513 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Urban Edge Properties worth $1,923,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. USA Financial Formulas bought a new position in Urban Edge Properties in the 4th quarter worth $93,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Urban Edge Properties by 36.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 1,221 shares during the period. Quest Partners LLC bought a new position in shares of Urban Edge Properties in the third quarter worth about $101,000. KBC Group NV grew its position in shares of Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Urban Edge Properties during the 3rd quarter valued at approximately $206,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Trading Up 1.3 %

UE stock opened at $20.31 on Tuesday. The firm has a fifty day moving average price of $20.69 and a 200 day moving average price of $21.36. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The firm has a market cap of $2.55 billion, a PE ratio of 34.43 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data 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%. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.19 per share. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UE shares. Evercore ISI dropped their price target on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 14th.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by company insiders.

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.