UBS Asset Management Americas Inc. lifted its stake in shares of Urban Edge Properties (NYSE:UE) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,887 shares of the real estate investment trust’s stock after purchasing an additional 5,437 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.22% of Urban Edge Properties worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Urban Edge Properties by 0.9% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,956 shares of the real estate investment trust’s stock worth $476,000 after purchasing an additional 141 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Urban Edge Properties by 2.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,977 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 321 shares in the last quarter. Advantus Capital Management Inc grew its holdings in Urban Edge Properties by 3.0% in the 1st quarter. Advantus Capital Management Inc now owns 11,750 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 346 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in Urban Edge Properties by 1.6% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 26,872 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 433 shares in the last quarter. Finally, GAM Holding AG grew its holdings in Urban Edge Properties by 10.5% in the 2nd quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

A number of equities analysts recently issued reports on the company. BidaskClub lowered Urban Edge Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Evercore ISI lowered 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. Finally, Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.

Urban Edge Properties (NYSE:UE) opened at 24.55 on Friday. Urban Edge Properties has a one year low of $23.67 and a one year high of $28.90. The company has a 50-day moving average price of $24.55 and a 200-day moving average price of $24.55. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.16 and a beta of 0.57.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Thursday, September 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 87.13%.

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Urban Edge Properties Profile

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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