Public Employees Retirement System of Ohio Grows Stake in Urban Edge Properties (UE)

Public Employees Retirement System of Ohio grew its holdings in Urban Edge Properties (NYSE:UE) by 48.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,000 shares of the real estate investment trust’s stock after purchasing an additional 52,965 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.14% of Urban Edge Properties worth $3,932,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new position in shares of Urban Edge Properties during the second quarter valued at approximately $149,000. Riverhead Capital Management LLC lifted its stake in shares of Urban Edge Properties by 108.8% during the second quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 4,351 shares during the period. Madden Advisory Services Inc. purchased a new position in shares of Urban Edge Properties during the third quarter valued at approximately $202,000. GAM Holding AG lifted its stake in shares of Urban Edge Properties by 10.5% during the second quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 800 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Urban Edge Properties by 59.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,536 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 3,177 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Urban Edge Properties (UE) opened at $25.42 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 7.58 and a current ratio of 7.58. The firm has a market cap of $2,880.00 and a P/E ratio of 27.93. Urban Edge Properties has a one year low of $23.13 and a one year high of $28.90.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio is currently 96.70%.

Several equities analysts recently issued reports on UE shares. Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Capital One Financial reissued an “equal weight” rating on shares of Urban Edge Properties in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Urban Edge Properties presently has a consensus rating of “Hold” and an average 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.

Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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