Ameritas Investment Partners Inc. boosted its holdings in Urban Edge Properties (NYSE:UE) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,644 shares of the real estate investment trust’s stock after buying an additional 2,324 shares during the period. Ameritas Investment Partners Inc.’s holdings in Urban Edge Properties were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in Urban Edge Properties by 17.7% in the 2nd quarter. Legal & General Group Plc now owns 289,901 shares of the real estate investment trust’s stock valued at $6,882,000 after buying an additional 43,649 shares in the last quarter. Bank of Montreal Can grew its stake in Urban Edge Properties by 114.1% in the 2nd quarter. Bank of Montreal Can now owns 37,053 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 19,750 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Urban Edge Properties by 4.1% in the 1st 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 in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Urban Edge Properties by 15.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 946,963 shares of the real estate investment trust’s stock valued at $22,472,000 after buying an additional 129,556 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in Urban Edge Properties in the 2nd quarter valued at approximately $1,596,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

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A number of research analysts recently weighed in on UE shares. BidaskClub upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Evercore ISI lowered 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 research note on Monday, August 14th.

Urban Edge Properties (UE) opened at 24.43 on Friday. The company has a 50-day moving average of $24.78 and a 200-day moving average of $24.95. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $28.90. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 24.05 and a beta of 0.57.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.60%. Urban Edge Properties’s payout ratio is 87.13%.

Urban Edge Properties Company 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.

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

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