State of Alaska Department of Revenue Increases Holdings in Urban Edge Properties (NYSE:UE)

State of Alaska Department of Revenue boosted its position in shares of Urban Edge Properties (NYSE:UE) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 131,267 shares of the real estate investment trust’s stock after buying an additional 4,007 shares during the period. State of Alaska Department of Revenue’s holdings in Urban Edge Properties were worth $2,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Urban Edge Properties by 1,499.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock worth $34,216,000 after buying an additional 1,499,628 shares in the last quarter. FMR LLC grew its holdings in Urban Edge Properties by 8.6% during the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Urban Edge Properties by 438.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after purchasing an additional 637,587 shares during the period. Jennison Associates LLC raised its holdings in shares of Urban Edge Properties by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock valued at $63,443,000 after purchasing an additional 215,879 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Urban Edge Properties by 2.6% in the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock worth $149,524,000 after purchasing an additional 177,745 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Urban Edge Properties

In other 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 transaction of $5,388,000.00. Following the transaction, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI reduced their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th.

Urban Edge Properties Price Performance

Shares of UE stock opened at $20.69 on Monday. The stock’s 50-day moving average is $21.13 and its 200 day moving average is $21.30. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $2.58 billion, a P/E ratio of 9.28 and a beta of 1.54.

About Urban Edge Properties

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.