Schroder Investment Management Group lifted its holdings in Urban Edge Properties (NYSE:UE) by 25.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,038,176 shares of the real estate investment trust’s stock after buying an additional 208,461 shares during the quarter. Schroder Investment Management Group owned about 0.91% of Urban Edge Properties worth $25,425,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new stake in Urban Edge Properties in the second quarter worth about $149,000. UBS Group AG increased its position in 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 purchasing an additional 1,004 shares during the period. LS Investment Advisors LLC increased its position in Urban Edge Properties by 26.3% in the second quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,647 shares during the period. Riverhead Capital Management LLC increased its position in Urban Edge Properties by 108.8% in the second quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,351 shares during the period. Finally, Madden Advisory Services Inc. acquired a new stake in Urban Edge Properties in the third quarter worth about $202,000. 89.71% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. 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 research report on Monday, August 14th. TheStreet upgraded Urban Edge Properties from a “d” rating to a “c-” rating in a research report on Monday, November 6th. Capital One Financial restated an “equal weight” rating on shares of Urban Edge Properties in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Urban Edge Properties currently has an average rating of “Hold” and a consensus target price of $25.00.

Urban Edge Properties (NYSE UE) traded up $0.14 during trading on Monday, hitting $25.69. The stock had a trading volume of 482,400 shares, compared to its average volume of 625,099. The firm has a market cap of $2,923.97, a price-to-earnings ratio of 19.32 and a beta of 0.61. Urban Edge Properties has a 52 week low of $23.13 and a 52 week high of $28.90. The company has a debt-to-equity ratio of 1.36, a current ratio of 7.58 and a quick ratio of 7.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.43%. Urban Edge Properties’s payout ratio is currently 90.72%.

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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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