ING Groep NV acquired a new stake in shares of Urban Edge Properties (NYSE:UE) during the second quarter, Holdings Channel reports. The fund acquired 12,036 shares of the real estate investment trust’s stock, valued at approximately $286,000.

Several other institutional investors also recently made changes to their positions in UE. Daiwa Securities Group Inc. boosted its position in shares of Urban Edge Properties by 35.6% in the first quarter. Daiwa Securities Group Inc. now owns 7,243 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,900 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of Urban Edge Properties by 0.8% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 300 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Urban Edge Properties by 1.1% in the first quarter. Great West Life Assurance Co. Can now owns 99,506 shares of the real estate investment trust’s stock valued at $2,615,000 after buying an additional 1,096 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Urban Edge Properties by 2.1% in the first 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 last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Urban Edge Properties by 130.7% in the first 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 last quarter. Institutional investors own 81.08% of the company’s stock.

Shares of Urban Edge Properties (NYSE:UE) traded down 1.99% during trading on Friday, hitting $24.62. The stock had a trading volume of 391,986 shares. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $29.56. The company has a market capitalization of $2.65 billion, a P/E ratio of 24.23 and a beta of 0.59. The firm has a 50-day moving average of $24.69 and a 200 day moving average of $25.80.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research cut 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 “sell” rating to a “hold” rating in a report on Wednesday, July 19th.

Urban Edge Properties Company 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.

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

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