Thrivent Financial For Lutherans boosted its holdings in shares of Urban Edge Properties (NYSE:UE) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,702 shares of the real estate investment trust’s stock after buying an additional 4,501 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Urban Edge Properties were worth $1,547,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Chilton Capital Management LLC acquired a new stake in Urban Edge Properties in the fourth quarter valued at approximately $10,718,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Urban Edge Properties in the fourth quarter valued at approximately $2,006,000. Geode Capital Management LLC boosted its stake in Urban Edge Properties by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,060,776 shares of the real estate investment trust’s stock valued at $27,039,000 after acquiring an additional 35,264 shares in the last quarter. American International Group Inc. boosted its stake in Urban Edge Properties by 1.6% in the fourth quarter. American International Group Inc. now owns 286,477 shares of the real estate investment trust’s stock valued at $7,302,000 after acquiring an additional 4,413 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Urban Edge Properties by 12.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 264,447 shares of the real estate investment trust’s stock valued at $6,741,000 after acquiring an additional 29,645 shares in the last quarter. 91.67% of the stock is currently owned by institutional investors.

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Shares of Urban Edge Properties stock opened at $20.75 on Thursday. The firm has a market cap of $2,411.95, a P/E ratio of 31.92 and a beta of 0.52. Urban Edge Properties has a one year low of $20.10 and a one year high of $27.69. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 1.58.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 4.24%. Urban Edge Properties’s dividend payout ratio (DPR) is 135.39%.

Separately, Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.00.

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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.

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

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