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 disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UE. GF Fund Management CO. LTD. bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $47,000. Quarry LP bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $49,000. Sterling Capital Management LLC boosted its position in shares of Urban Edge Properties by 858.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 3,555 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $206,000. Finally, Yoffe Investment Management LLC bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $224,000. Institutional investors own 94.94% of the company's stock.

Urban Edge Properties Trading Up 0.2%

Shares of UE opened at $18.91 on Monday. The firm's 50 day simple moving average is $18.53 and its 200 day simple moving average is $19.15. The company has a market capitalization of $2.38 billion, a P/E ratio of 29.55 and a beta of 1.18. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.29 and a quick ratio of 2.29. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business 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%. Sell-side analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties stock in a transaction that occurred on 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 can be accessed through the SEC website. Company insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.