Mason Street Advisors LLC bought a new stake in shares of Urban Edge Properties (NYSE:UE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,148 shares of the real estate investment trust’s stock, valued at approximately $1,259,000.

A number of other hedge funds have also recently bought and sold shares of UE. Teachers Advisors Inc. raised its stake in Urban Edge Properties by 4.9% in the first quarter. Teachers Advisors Inc. now owns 707,564 shares of the real estate investment trust’s stock worth $18,283,000 after buying an additional 33,050 shares during the last quarter. Prudential Financial Inc. raised its stake in Urban Edge Properties by 711.0% in the first quarter. Prudential Financial Inc. now owns 509,838 shares of the real estate investment trust’s stock worth $13,174,000 after buying an additional 446,970 shares during the last quarter. BlackRock Inc. raised its stake in Urban Edge Properties by 19.2% in the first quarter. BlackRock Inc. now owns 191,347 shares of the real estate investment trust’s stock worth $4,945,000 after buying an additional 30,859 shares during the last quarter. BlackRock Group LTD raised its stake in Urban Edge Properties by 2.5% in the first quarter. BlackRock Group LTD now owns 616,189 shares of the real estate investment trust’s stock worth $15,923,000 after buying an additional 14,782 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Urban Edge Properties by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,984,873 shares of the real estate investment trust’s stock worth $102,969,000 after buying an additional 71,610 shares during the last quarter. 90.16% of the stock is currently owned by institutional investors.

Urban Edge Properties (NYSE:UE) opened at 27.97 on Thursday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 33.10 and a beta of 0.50. The company’s 50-day moving average price is $28.66 and its 200 day moving average price is $27.49. Urban Edge Properties has a 52-week low of $20.84 and a 52-week high of $30.29.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 15th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 91.96%.

UE has been the topic of a number of analyst reports. Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “sell” rating in a research note on Wednesday, July 6th. Credit Suisse Group AG lowered Urban Edge Properties from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $27.00 to $28.00 in a research note on Thursday, August 4th.

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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