Wells Fargo & Company MN lifted its holdings in Urban Edge Properties (NYSE:UE) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,549 shares of the real estate investment trust’s stock after acquiring an additional 1,307 shares during the quarter. Wells Fargo & Company MN owned approximately 0.15% of Urban Edge Properties worth $3,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UE. BlackRock Inc. raised its position in Urban Edge Properties by 7,443.9% in the 1st quarter. BlackRock Inc. now owns 11,713,758 shares of the real estate investment trust’s stock worth $308,072,000 after purchasing an additional 11,558,483 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Urban Edge Properties in the 2nd quarter worth approximately $32,732,000. Vanguard Group Inc. raised its position in Urban Edge Properties by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 15,731,679 shares of the real estate investment trust’s stock worth $413,744,000 after purchasing an additional 436,150 shares during the last quarter. Schroder Investment Management Group raised its position in Urban Edge Properties by 74.4% in the 2nd quarter. Schroder Investment Management Group now owns 829,715 shares of the real estate investment trust’s stock worth $19,980,000 after purchasing an additional 354,045 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Urban Edge Properties by 24.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,619,330 shares of the real estate investment trust’s stock worth $38,427,000 after purchasing an additional 319,577 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Evercore ISI cut shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price objective for the company. in a research report on Monday, August 14th. BidaskClub cut shares of Urban Edge Properties from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Zacks Investment Research cut shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/urban-edge-properties-ue-stake-lifted-by-wells-fargo-company-mn/1635795.html.

Urban Edge Properties (NYSE:UE) opened at 25.20 on Tuesday. The company has a 50-day moving average of $24.76 and a 200 day moving average of $24.98. Urban Edge Properties has a 52-week low of $23.13 and a 52-week high of $28.90. The company has a market cap of $2.71 billion, a PE ratio of 24.80 and a beta of 0.57.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.22 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.49%. Urban Edge Properties’s dividend payout ratio is currently 87.13%.

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.

Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UE).

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

Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with Analyst Ratings Network's FREE daily email newsletter.