Sei Investments Co. increased its position in shares of Urban Edge Properties (NYSE:UE) by 56.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,528 shares of the real estate investment trust’s stock after buying an additional 24,246 shares during the period. Sei Investments Co. owned approximately 0.07% of Urban Edge Properties worth $1,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Henderson Group PLC increased its stake in Urban Edge Properties by 9.2% in the first quarter. Henderson Group PLC now owns 356,978 shares of the real estate investment trust’s stock worth $9,387,000 after buying an additional 30,125 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Urban Edge Properties by 35.6% in the first quarter. Daiwa Securities Group Inc. now owns 7,243 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 1,900 shares in the last quarter. State Treasurer State of Michigan increased its stake in Urban Edge Properties by 0.8% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the real estate investment trust’s stock worth $981,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Urban Edge Properties by 1.1% in the first quarter. Great West Life Assurance Co. Can now owns 99,506 shares of the real estate investment trust’s stock worth $2,615,000 after buying an additional 1,096 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 worth $385,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Shares of Urban Edge Properties (UE) opened at 25.29 on Monday. The firm has a 50-day moving average of $24.90 and a 200-day moving average of $25.55. The company has a market cap of $2.72 billion, a P/E ratio of 24.89 and a beta of 0.59. Urban Edge Properties has a 12-month low of $23.13 and a 12-month high of $29.51.

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A number of research firms have issued reports on UE. Evercore ISI downgraded shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price objective for the company. in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, BidaskClub raised shares of Urban Edge Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th.

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

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