American International Group Inc. reduced its position in shares of Urban Edge Properties (NYSE:UE) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 225,707 shares of the real estate investment trust’s stock after selling 1,949 shares during the period. American International Group Inc. owned 0.23% of Urban Edge Properties worth $6,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UE. LS Investment Advisors LLC boosted its position in shares of Urban Edge Properties by 72.2% in the second quarter. LS Investment Advisors LLC now owns 5,532 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 2,320 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Urban Edge Properties by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 3,343 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 100 shares in the last quarter. RS Investment Management Co. LLC boosted its position in shares of Urban Edge Properties by 76.3% in the second quarter. RS Investment Management Co. LLC now owns 723,690 shares of the real estate investment trust’s stock worth $21,609,000 after buying an additional 313,100 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Urban Edge Properties by 27.0% in the second quarter. Retirement Systems of Alabama now owns 691,921 shares of the real estate investment trust’s stock worth $20,661,000 after buying an additional 147,251 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Urban Edge Properties during the second quarter worth $859,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

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

Urban Edge Properties (NYSE:UE) traded down 0.14% during mid-day trading on Friday, hitting $27.77. The company had a trading volume of 34,545 shares. The company has a market cap of $2.77 billion, a PE ratio of 32.86 and a beta of 0.62. Urban Edge Properties has a one year low of $21.77 and a one year high of $30.29. The company’s 50 day moving average price is $27.38 and its 200-day moving average price is $27.81.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, December 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.20. Urban Edge Properties’s payout ratio is 101.15%.

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Separately, Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th.

Urban Edge Properties Company Profile

Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers.

5 Day Chart for NYSE:UE

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