The Urban Edge Properties (UE) Stake Held by State Board of Administration of Florida Retirement System

The Urban Edge Properties (UE) Stake Held by State Board of Administration of Florida Retirement System

A number of other institutional investors have also modified their holdings of UE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Urban Edge Properties by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,586 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 56 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Urban Edge Properties by 2.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,656 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 300 shares during the period. State Treasurer State of Michigan raised its position in shares of Urban Edge Properties by 0.8% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Urban Edge Properties by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,981 shares of the real estate investment trust’s stock valued at $841,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Urban Edge Properties by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 500 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

State Board of Administration of Florida Retirement System continued to hold its position in shares of Urban Edge Properties (NYSE:UE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,850 shares of the real estate investment trust’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Urban Edge Properties were worth $1,811,000 as of its most recent SEC filing.

Shares of Urban Edge Properties (UE) opened at 24.06 on Monday. The company has a market cap of $2.40 billion, a P/E ratio of 19.72 and a beta of 0.62. Urban Edge Properties has a 12-month low of $23.51 and a 12-month high of $30.29. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $26.72.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The company had revenue of $126.06 million during the quarter, compared to analysts’ expectations of $86.54 million. Urban Edge Properties had a return on equity of 18.08% and a net margin of 26.92%. On average, analysts forecast that Urban Edge Properties will post $1.13 EPS for the current year.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Evercore ISI lowered Urban Edge Properties from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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