Principal Financial Group Inc. Has $10.80 Million Holdings in Urban Edge Properties (UE)

Principal Financial Group Inc. raised its position in Urban Edge Properties (NYSE:UE) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 447,935 shares of the real estate investment trust’s stock after purchasing an additional 24,100 shares during the quarter. Principal Financial Group Inc. owned 0.42% of Urban Edge Properties worth $10,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. UBS Group AG raised its holdings in shares of 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 worth $166,000 after buying an additional 1,004 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Urban Edge Properties by 114.1% during the second quarter. Bank of Montreal Can now owns 37,053 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 19,750 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Urban Edge Properties by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 33,422 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 1,441 shares during the last quarter. LS Investment Advisors LLC grew its position in Urban Edge Properties by 26.3% during 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 during the period. Finally, Louisiana State Employees Retirement System grew its position in Urban Edge Properties by 11.2% during the second quarter. Louisiana State Employees Retirement System now owns 25,800 shares of the real estate investment trust’s stock valued at $612,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Shares of Urban Edge Properties (UE) traded down $0.11 during mid-day trading on Tuesday, reaching $24.89. 379,900 shares of the company’s stock were exchanged, compared to its average volume of 620,270. The stock has a market capitalization of $2,845.44, a P/E ratio of 18.80 and a beta of 0.61. Urban Edge Properties has a one year low of $23.13 and a one year high of $28.90. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 1.36.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 90.72%.

Several analysts have recently issued reports on UE shares. Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Capital One Financial reiterated an “equal weight” rating on shares of Urban Edge Properties in a research report on Wednesday, November 1st. TheStreet upgraded shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research report on Monday, November 6th. Finally, Evercore ISI lowered shares of 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 report on Monday, August 14th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has a consensus 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.

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

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