State of Alaska Department of Revenue Purchases 4,007 Shares of Urban Edge Properties (NYSE:UE)

State of Alaska Department of Revenue grew its position in Urban Edge Properties (NYSE:UE) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,267 shares of the real estate investment trust’s stock after acquiring an additional 4,007 shares during the quarter. State of Alaska Department of Revenue owned 0.11% of Urban Edge Properties worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in Urban Edge Properties by 25.9% in the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 563 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Urban Edge Properties in the 4th quarter worth about $93,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,221 shares in the last quarter. Quest Partners LLC bought a new position in shares of Urban Edge Properties in the 3rd quarter valued at about $101,000. Finally, KBC Group NV grew its position in Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,524 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI decreased their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at $43,350.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Urban Edge Properties Trading Up 1.2 %

UE stock opened at $20.69 on Monday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 9.28 and a beta of 1.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.30.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.