Public Employees Retirement Association of Colorado held its stake in Urban Edge Properties (NYSE:UE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,579 shares of the real estate investment trust’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Urban Edge Properties were worth $631,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. ING Groep NV acquired a new stake in Urban Edge Properties during the second quarter valued at $286,000. Russell Investments Group Ltd. boosted its position in shares of Urban Edge Properties by 11.1% in the second quarter. Russell Investments Group Ltd. now owns 826,622 shares of the real estate investment trust’s stock worth $19,644,000 after buying an additional 82,591 shares during the last quarter. First Midwest Bank Trust Division boosted its position in shares of Urban Edge Properties by 6.1% in the second quarter. First Midwest Bank Trust Division now owns 19,839 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 1,143 shares during the last quarter. Manning & Napier Advisors LLC boosted its position in shares of Urban Edge Properties by 35.2% in the second quarter. Manning & Napier Advisors LLC now owns 275,200 shares of the real estate investment trust’s stock worth $6,528,000 after buying an additional 71,690 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Urban Edge Properties by 9.4% in the second quarter. State Treasurer State of Michigan now owns 40,800 shares of the real estate investment trust’s stock worth $968,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Urban Edge Properties (NYSE UE) opened at 24.22 on Monday. The company has a market capitalization of $2.61 billion, a PE ratio of 23.84 and a beta of 0.59. Urban Edge Properties has a 52 week low of $23.13 and a 52 week high of $29.51. The stock has a 50 day moving average price of $24.83 and a 200-day moving average price of $25.66.

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A number of brokerages have recently commented on UE. BidaskClub cut Urban Edge Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Evercore ISI cut Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target for the company. in a research note on Monday, August 14th. Finally, Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 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.

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

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