Russell Investments Group Ltd. cut its stake in shares of Urban Edge Properties (NYSE:UE) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 786,340 shares of the real estate investment trust’s stock after selling 40,282 shares during the period. Russell Investments Group Ltd. owned approximately 0.69% of Urban Edge Properties worth $18,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UE. UBS Group AG raised its stake in Urban Edge Properties by 18.9% during the 1st quarter. UBS Group AG now owns 6,315 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 1,004 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Urban Edge Properties by 8.2% during the 1st quarter. Bank of America Corp DE now owns 177,627 shares of the real estate investment trust’s stock worth $4,671,000 after buying an additional 13,494 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Urban Edge Properties by 114.1% during the 2nd quarter. Bank of Montreal Can now owns 37,053 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 19,750 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Urban Edge Properties by 4.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 33,422 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 1,441 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Urban Edge Properties by 26.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,647 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Urban Edge Properties (NYSE:UE) traded down $0.36 during mid-day trading on Tuesday, hitting $24.92. The stock had a trading volume of 577,700 shares, compared to its average volume of 625,510. The stock has a market cap of $2,877.30, a P/E ratio of 19.01 and a beta of 0.55. Urban Edge Properties has a fifty-two week low of $23.13 and a fifty-two week high of $28.90. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 1.36.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio (DPR) is 90.72%.

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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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