Latest Stocks: New Mexico Educational Retirement Board Maintains Stake in Urban Edge Properties (UE)

Latest Stocks: New Mexico Educational Retirement Board Maintains Stake in Urban Edge Properties (UE)

New Mexico Educational Retirement Board continued to hold its stake in Urban Edge Properties (NYSE:UE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,300 shares of the real estate investment trust’s stock at the end of the first quarter. New Mexico Educational Retirement Board’s holdings in Urban Edge Properties were worth $350,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Urban Edge Properties by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,586 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 56 shares during the last quarter. Comerica Bank boosted its stake in shares of Urban Edge Properties by 6.3% in the fourth quarter. Comerica Bank now owns 68,182 shares of the real estate investment trust’s stock valued at $1,892,000 after buying an additional 4,021 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Urban Edge Properties during the fourth quarter valued at $11,429,000. Jane Street Group LLC boosted its stake in shares of Urban Edge Properties by 96.8% in the third quarter. Jane Street Group LLC now owns 21,853 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 10,750 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Urban Edge Properties by 28.1% in the third quarter. Panagora Asset Management Inc. now owns 690,117 shares of the real estate investment trust’s stock valued at $19,420,000 after buying an additional 151,497 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Urban Edge Properties (NYSE:UE) opened at 23.76 on Tuesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 19.48 and a beta of 0.62. The company’s 50 day moving average is $25.31 and its 200 day moving average is $26.71. Urban Edge Properties has a 1-year low of $23.51 and a 1-year high of $30.29.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Urban Edge Properties had a net margin of 26.92% and a return on equity of 18.08%. The business had revenue of $126.06 million during the quarter, compared to analyst estimates of $86.54 million. Equities research analysts forecast that Urban Edge Properties will post $1.13 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.70%. Urban Edge Properties’s dividend payout ratio is currently 101.15%.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Urban Edge Properties had a net margin of 26.92% and a return on equity of 18.08%. The business had revenue of $126.06 million during the quarter, compared to analyst estimates of $86.54 million. Equities research analysts forecast that Urban Edge Properties will post $1.13 EPS for the current year. UE has been the subject of several research reports. Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Evercore ISI cut shares of Urban Edge Properties from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd.

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