KLP Kapitalforvaltning AS Acquires New Holdings in Urban Edge Properties (NYSE:UE)

KLP Kapitalforvaltning AS bought a new stake in Urban Edge Properties ( NYSE:UE – Free Report ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 24,600 shares of the real estate investment trust’s stock, valued at approximately $529,000. A number of other large investors have also added to or reduced their stakes in the company.

American Century Companies Inc. grew its holdings in Urban Edge Properties by 19.4% in the fourth quarter.



American Century Companies Inc. now owns 1,789,168 shares of the real estate investment trust’s stock worth $38,467,000 after purchasing an additional 291,125 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Urban Edge Properties by 43.

3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 67,319 shares of the real estate investment trust’s stock worth $1,447,000 after purchasing an additional 20,339 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Urban Edge Properties by 6.

2% during the 4th quarter. Teacher Retirement System of Texas now owns 123,056 shares of the real estate investment trust’s stock worth $2,646,000 after buying an additional 7,217 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Urban Edge Properties by 2.

6% during the 4th quarter. Maryland State Retirement & Pension System now owns 42,052 shares of the real estate investment trust’s stock valued at $904,000 after buying an additional 1,079 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Urban Edge Properties by 1.

3% during the 4th quarter. Thrivent Financial for Lutherans now owns 96,519 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 1,237 shares in the last quarter. 94.

94% of the stock is currently owned by institutional investors. Urban Edge Properties Price Performance Shares of UE opened at $18.04 on Friday.

The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.

92. The company’s fifty day moving average price is $19.85 and its 200-day moving average price is $21.

12. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.

85. The firm has a market capitalization of $2.27 billion, a PE ratio of 30.

57 and a beta of 1.28. Urban Edge Properties Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st.

Investors of record on Friday, March 14th were issued a $0.19 dividend. This represents a $0.

76 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, March 14th.

This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio is 128.

81%. Analyst Ratings Changes A number of equities research analysts have recently weighed in on the company. StockNews.

com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Evercore ISI lowered their target price on shares of Urban Edge Properties from $23.00 to $22.

00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. View Our Latest Analysis on UE Urban Edge Properties Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter .

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