California Public Employees Retirement System raised its position in Urban Edge Properties (NYSE:UE) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,104 shares of the real estate investment trust’s stock after acquiring an additional 6,752 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Urban Edge Properties worth $4,999,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. bought a new stake in shares of Urban Edge Properties during the 4th quarter valued at about $200,000. Madden Advisory Services Inc. bought a new stake in shares of Urban Edge Properties during the 3rd quarter valued at about $202,000. Shelton Capital Management bought a new stake in shares of Urban Edge Properties during the 3rd quarter valued at about $202,000. ING Groep NV boosted its stake in shares of Urban Edge Properties by 23.2% during the 4th quarter. ING Groep NV now owns 15,971 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Urban Edge Properties during the 3rd quarter valued at about $422,000. Hedge funds and other institutional investors own 91.67% of the company’s stock.
Urban Edge Properties (NYSE:UE) opened at $21.86 on Tuesday. The stock has a market cap of $2,468.86, a P/E ratio of 16.19 and a beta of 0.52. Urban Edge Properties has a 52 week low of $20.10 and a 52 week high of $27.69. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 1.58.
Separately, Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
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Urban Edge Properties Profile
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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