Zacks Investment Research downgraded shares of Urban Edge Properties (NYSE:UE) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States. “

Separately, Credit Suisse Group AG lowered Urban Edge Properties from an outperform rating to a neutral rating and raised their target price for the stock from $27.00 to $28.00 in a research report on Thursday, August 4th.

Shares of Urban Edge Properties (NYSE:UE) opened at 27.16 on Tuesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 32.14 and a beta of 0.50. Urban Edge Properties has a 12-month low of $20.84 and a 12-month high of $30.29. The company’s 50-day moving average price is $29.03 and its 200 day moving average price is $27.39.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.95%. Urban Edge Properties’s payout ratio is currently 91.96%.

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Urban Edge Properties by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 277,125 shares of the real estate investment trust’s stock worth $7,161,000 after buying an additional 3,531 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of 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. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Urban Edge Properties by 4.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 17,847 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 733 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of 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. Finally, BlackRock Group LTD increased its stake in shares of 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. Hedge funds and other institutional investors own 90.16% of the company’s stock.

About Urban Edge Properties

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.

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