Teachers Insurance & Annuity Association of America lifted its position in shares of Urban Edge Properties (NYSE:UE) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,531 shares of the real estate investment trust’s stock after purchasing an additional 15,309 shares during the period. Teachers Insurance & Annuity Association of America owned 0.10% of Urban Edge Properties worth $2,868,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its stake in Urban Edge Properties by 10.7% in the 4th quarter. Guggenheim Capital LLC now owns 103,794 shares of the real estate investment trust’s stock valued at $2,647,000 after buying an additional 10,070 shares during the last quarter. Advisor Group Inc. grew its stake in Urban Edge Properties by 415.5% in the 4th quarter. Advisor Group Inc. now owns 4,841 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 3,902 shares during the last quarter. AMP Capital Investors Ltd grew its stake in Urban Edge Properties by 89.1% in the 4th quarter. AMP Capital Investors Ltd now owns 31,213 shares of the real estate investment trust’s stock valued at $796,000 after buying an additional 14,703 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Urban Edge Properties by 8.0% in the 4th quarter. Thrivent Financial For Lutherans now owns 60,702 shares of the real estate investment trust’s stock valued at $1,547,000 after buying an additional 4,501 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new position in Urban Edge Properties in the 4th quarter valued at about $10,718,000. Institutional investors own 91.67% of the company’s stock.
Shares of Urban Edge Properties (NYSE:UE) opened at $21.69 on Monday. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2,468.86, a PE ratio of 16.19 and a beta of 0.52. Urban Edge Properties has a twelve month low of $20.10 and a twelve month high of $27.69.
Separately, Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Urban Edge Properties has a consensus rating of “Hold” and a consensus target price of $25.00.
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About Urban Edge Properties
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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