Arizona State Retirement System boosted its holdings in Urban Edge Properties (NYSE:UE) by 27.0% during the 4th quarter, HoldingsChannel reports. The fund owned 76,187 shares of the real estate investment trust’s stock after purchasing an additional 16,203 shares during the quarter. Arizona State Retirement System’s holdings in Urban Edge Properties were worth $1,942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can lifted its position in Urban Edge Properties by 87.0% in the 4th quarter. Bank of Montreal Can now owns 77,393 shares of the real estate investment trust’s stock valued at $1,972,000 after acquiring an additional 36,005 shares in the last quarter. Swiss National Bank increased its stake in Urban Edge Properties by 5.9% in the 3rd quarter. Swiss National Bank now owns 188,509 shares of the real estate investment trust’s stock valued at $4,547,000 after buying an additional 10,500 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Urban Edge Properties by 17.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 39,402 shares of the real estate investment trust’s stock valued at $950,000 after buying an additional 5,980 shares during the last quarter. Wells Fargo & Company MN increased its stake in Urban Edge Properties by 32.2% in the 3rd quarter. Wells Fargo & Company MN now owns 210,934 shares of the real estate investment trust’s stock valued at $5,087,000 after buying an additional 51,385 shares during the last quarter. Finally, Cohen & Steers Inc. increased its stake in Urban Edge Properties by 536.8% in the 3rd quarter. Cohen & Steers Inc. now owns 8,755,789 shares of the real estate investment trust’s stock valued at $211,190,000 after buying an additional 7,380,862 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Urban Edge Properties (NYSE:UE) opened at $21.69 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 8.72 and a quick ratio of 8.72. The company has a market cap of $2,468.86, a PE ratio of 33.37 and a beta of 0.52. Urban Edge Properties has a one year low of $20.10 and a one year high of $27.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 4.06%. Urban Edge Properties’s dividend payout ratio (DPR) is 135.39%.

Separately, Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.00.

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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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