Aperio Group LLC cut its holdings in Urban Edge Properties (NYSE:UE) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,119 shares of the real estate investment trust’s stock after selling 2,516 shares during the period. Aperio Group LLC’s holdings in Urban Edge Properties were worth $1,281,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Urban Edge Properties in the second quarter worth $149,000. UBS Group AG lifted its stake 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 last quarter. LS Investment Advisors LLC lifted its stake 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 last quarter. Riverhead Capital Management LLC lifted its stake 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 last quarter. Finally, GAM Holding AG lifted its stake in Urban Edge Properties by 10.5% in the second quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 800 shares during the last quarter. 83.97% of the stock is owned by institutional investors and hedge funds.

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Urban Edge Properties (NYSE:UE) opened at $24.84 on Friday. The company has a market cap of $2,810.15, a PE ratio of 18.56 and a beta of 0.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 7.58 and a current ratio of 7.58. Urban Edge Properties has a one year low of $23.13 and a one year high of $28.90.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio (DPR) is 90.72%.

Several analysts have weighed in on the stock. TheStreet raised shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research note on Monday, November 6th. Evercore ISI downgraded shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target for the company. in a research note on Monday, August 14th. Capital One Financial Corporation reissued an “equal weight” rating on shares of Urban Edge Properties in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.00.

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.

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

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