LS Investment Advisors LLC raised its position in Urban Edge Properties (NYSE:UE) by 26.3% during the second quarter, Holdings Channel reports. The firm owned 7,900 shares of the real estate investment trust’s stock after buying an additional 1,647 shares during the period. LS Investment Advisors LLC’s holdings in Urban Edge Properties were worth $187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC raised its position in shares of Urban Edge Properties by 43.9% in the first quarter. Manning & Napier Advisors LLC now owns 203,510 shares of the real estate investment trust’s stock worth $5,351,000 after buying an additional 62,130 shares during the period. Bank of Montreal Can raised its position in shares of Urban Edge Properties by 17.9% in the first quarter. Bank of Montreal Can now owns 17,303 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 2,631 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Urban Edge Properties by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue raised its position in shares of Urban Edge Properties by 346.5% in the first quarter. State of Alaska Department of Revenue now owns 46,633 shares of the real estate investment trust’s stock worth $1,226,000 after buying an additional 36,190 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Urban Edge Properties by 76.0% in the first quarter. Russell Investments Group Ltd. now owns 744,031 shares of the real estate investment trust’s stock worth $19,566,000 after buying an additional 321,386 shares during the period. Institutional investors own 81.08% of the company’s stock.

Shares of Urban Edge Properties (UE) traded down 0.31% on Tuesday, hitting $25.40. The company had a trading volume of 115,927 shares. Urban Edge Properties has a 12-month low of $23.13 and a 12-month high of $29.99. The firm has a 50-day moving average price of $24.53 and a 200 day moving average price of $25.90. The company has a market capitalization of $2.73 billion, a P/E ratio of 24.95 and a beta of 0.59.

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UE has been the subject of a number of research analyst reports. Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub upgraded 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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