Urban Edge Properties (UE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in Urban Edge Properties (NYSE:UE) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,100 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Urban Edge Properties were worth $384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Urban Edge Properties by 79.2% during the second quarter. Bank of New York Mellon Corp now owns 2,934,973 shares of the real estate investment trust’s stock valued at $67,123,000 after purchasing an additional 1,297,476 shares in the last quarter. Bank of Montreal Can lifted its position in Urban Edge Properties by 483.4% during the third quarter. Bank of Montreal Can now owns 144,004 shares of the real estate investment trust’s stock valued at $3,180,000 after acquiring an additional 119,319 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Urban Edge Properties by 9.1% during the third quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 2,600 shares during the last quarter. Green Street Investors LLC purchased a new stake in Urban Edge Properties during the third quarter valued at approximately $2,009,000. Finally, Texas Permanent School Fund lifted its position in Urban Edge Properties by 4.9% during the third quarter. Texas Permanent School Fund now owns 71,744 shares of the real estate investment trust’s stock valued at $1,584,000 after acquiring an additional 3,357 shares during the last quarter. 87.14% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on UE. Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, December 6th.

NYSE UE opened at $20.64 on Monday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 15.40 and a beta of 0.97. Urban Edge Properties has a 12-month low of $16.13 and a 12-month high of $23.37. The company has a debt-to-equity ratio of 1.52, a current ratio of 8.25 and a quick ratio of 8.25.

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Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

Further Reading: How to interpret the current ratio

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

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