Urban Edge Properties (NYSE:UE) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Urban Edge Properties (NYSE:UE) by 7.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,757,044 shares of the real estate investment trust’s stock after acquiring an additional 117,152 shares during the period. Dimensional Fund Advisors LP’s holdings in Urban Edge Properties were worth $32,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position 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 worth $609,000 after acquiring an additional 627 shares during the period. Illinois Municipal Retirement Fund grew its position in Urban Edge Properties by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 1,264 shares in the last quarter. Signaturefd LLC increased its stake in Urban Edge Properties by 91.6% during the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,317 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Urban Edge Properties by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 102,959 shares of the real estate investment trust’s stock worth $1,778,000 after buying an additional 1,377 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Urban Edge Properties by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust’s stock worth $1,105,000 after buying an additional 1,500 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

Shares of UE opened at $21.25 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.11 and a quick ratio of 2.11. The firm’s 50 day moving average is $20.50 and its 200-day moving average is $18.51. Urban Edge Properties has a 12-month low of $14.36 and a 12-month high of $21.66. The stock has a market capitalization of $2.58 billion, a P/E ratio of 9.24 and a beta of 1.55.

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

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Friday, September 13th. Urban Edge Properties’s dividend payout ratio is presently 29.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on UE shares. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Evercore ISI lifted their price target on 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.

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.