Evercore ISI cut shares of Urban Edge Properties (NYSE:UE) from an in-line rating to an underperform rating in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has $25.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on UE. BidaskClub cut Urban Edge Properties from a sell rating to a strong sell rating in a research note on Saturday, June 24th. Zacks Investment Research cut Urban Edge Properties from a buy rating to a hold rating in a research note on Wednesday, July 5th.

Urban Edge Properties (NYSE UE) opened at 24.96 on Monday. The firm has a market capitalization of $2.68 billion, a PE ratio of 24.57 and a beta of 0.59. The stock has a 50 day moving average price of $24.81 and a 200-day moving average price of $25.69. Urban Edge Properties has a one year low of $23.13 and a one year high of $29.56.

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A number of large investors have recently added to or reduced their stakes in UE. First Midwest Bank Trust Division boosted its stake in Urban Edge Properties by 5.6% in the first quarter. First Midwest Bank Trust Division now owns 18,696 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 991 shares during the last quarter. Legal & General Group Plc boosted its stake in Urban Edge Properties by 10.3% in the first quarter. Legal & General Group Plc now owns 246,252 shares of the real estate investment trust’s stock valued at $6,477,000 after buying an additional 23,023 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Urban Edge Properties by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,905 shares of the real estate investment trust’s stock valued at $35,713,000 after buying an additional 52,889 shares during the last quarter. Exane Derivatives acquired a new stake in Urban Edge Properties during the first quarter valued at $686,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Urban Edge Properties by 2.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,656 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

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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