Arizona State Retirement System boosted its stake in Urban Edge Properties (NYSE:UE) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,680 shares of the real estate investment trust’s stock after buying an additional 3,480 shares during the period. Arizona State Retirement System’s holdings in Urban Edge Properties were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Urban Edge Properties by 5.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 290 shares in the last quarter. UBS Group AG increased its position in Urban Edge Properties by 18.9% in the first quarter. UBS Group AG now owns 6,315 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 1,004 shares in the last quarter. LS Investment Advisors LLC increased its position in Urban Edge Properties by 26.3% in the second quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 1,647 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Urban Edge Properties by 35.6% in the first quarter. Daiwa Securities Group Inc. now owns 7,243 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,900 shares in the last quarter. Finally, ING Groep NV purchased a new position in Urban Edge Properties during the second quarter valued at about $286,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties (NYSE UE) opened at 24.87 on Thursday. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $29.51. The stock has a 50 day moving average price of $24.90 and a 200-day moving average price of $25.55. The firm has a market cap of $2.68 billion, a P/E ratio of 24.48 and a beta of 0.59.

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Several research analysts have issued reports on the company. BidaskClub downgraded Urban Edge Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Evercore ISI downgraded Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target on the stock. in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded 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.

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

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