Charles Schwab Investment Management Inc. Buys 75,498 Shares of Urban Edge Properties (NYSE:UE)

Charles Schwab Investment Management Inc. raised its stake in shares of Urban Edge Properties (NYSE:UE) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,346,699 shares of the real estate investment trust’s stock after purchasing an additional 75,498 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Urban Edge Properties were worth $50,454,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in Urban Edge Properties by 8.6% in the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after purchasing an additional 1,096,560 shares during the last quarter. State Street Corp grew its position in Urban Edge Properties by 2.6% during the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock worth $149,524,000 after buying an additional 177,745 shares in the last quarter. Jennison Associates LLC increased its stake in Urban Edge Properties by 6.9% during the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock valued at $68,146,000 after acquiring an additional 203,569 shares during the period. Geode Capital Management LLC raised its holdings in Urban Edge Properties by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,109,608 shares of the real estate investment trust’s stock valued at $66,525,000 after acquiring an additional 130,854 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Urban Edge Properties by 6.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,699,134 shares of the real estate investment trust’s stock valued at $36,531,000 after acquiring an additional 105,436 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UE shares. Evercore ISI lowered their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday.

Urban Edge Properties Price Performance

NYSE:UE opened at $18.33 on Friday. The company has a 50-day moving average of $20.33 and a 200-day moving average of $21.36. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 31.06 and a beta of 1.54. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. 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 released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 128.81%.

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.