Teacher Retirement System of Texas Sells 65,691 Shares of Urban Edge Properties (NYSE:UE)

Teacher Retirement System of Texas lessened its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 53.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,365 shares of the real estate investment trust's stock after selling 65,691 shares during the quarter. Teacher Retirement System of Texas' holdings in Urban Edge Properties were worth $1,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock worth $883,000 after acquiring an additional 659 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Urban Edge Properties by 6.6% in the 1st quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust's stock worth $231,000 after acquiring an additional 758 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Urban Edge Properties by 6.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 778 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Urban Edge Properties by 6.4% in the 4th quarter. Bank of Montreal Can now owns 17,911 shares of the real estate investment trust's stock worth $385,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of Urban Edge Properties by 2.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 42,052 shares of the real estate investment trust's stock worth $904,000 after acquiring an additional 1,079 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company's stock.

Urban Edge Properties Stock Performance

Shares of NYSE:UE traded up $0.09 during midday trading on Thursday, reaching $19.30. The company had a trading volume of 934,040 shares, compared to its average volume of 903,213. The company's 50 day moving average price is $18.59 and its 200 day moving average price is $19.12. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.16. The stock has a market cap of $2.43 billion, a P/E ratio of 30.16 and a beta of 1.18. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $118.17 million for the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a net margin of 17.23% and a return on equity of 5.88%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is currently 118.75%.

Urban Edge Properties Company 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.