Federated Investors Inc. PA lowered its position in shares of Urban Edge Properties (NYSE:UE) by 2.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 45,724 shares of the real estate investment trust’s stock after selling 983 shares during the quarter. Federated Investors Inc. PA’s holdings in Urban Edge Properties were worth $1,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in shares of Urban Edge Properties by 17.9% in the 1st quarter. Bank of Montreal Can now owns 17,303 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 2,631 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Urban Edge Properties in the 1st quarter valued at about $338,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Urban Edge Properties by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 31,981 shares of the real estate investment trust’s stock valued at $841,000 after buying an additional 400 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Urban Edge Properties by 130.7% in the 1st quarter. Wells Fargo & Company MN now owns 158,242 shares of the real estate investment trust’s stock valued at $4,161,000 after buying an additional 89,637 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Urban Edge Properties by 2.1% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,656 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 300 shares during the period. 87.24% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub cut Urban Edge Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Evercore ISI cut 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 cut Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

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Urban Edge Properties (NYSE UE) opened at 25.28 on Friday. Urban Edge Properties has a one year low of $24.10 and a one year high of $28.90. The stock has a 50 day moving average price of $25.17 and a 200 day moving average price of $26.19. The firm has a market cap of $2.72 billion, a PE ratio of 24.88 and a beta of 0.59.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.48%. Urban Edge Properties’s dividend payout ratio (DPR) is 87.13%.

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.

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

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