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American Assets Investment Management LLC Maintains Stake in Urban Edge Properties (UE)
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Several other hedge funds and other institutional investors have also modified their holdings of UE. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Edge Properties by 5.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 290 shares in the last quarter. UBS Group AG increased its position in shares of Urban Edge Properties by 18.9% in the first quarter. UBS Group AG now owns 6,315 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 1,004 shares in the last quarter. Daiwa Securities Group Inc. increased 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 in the last quarter. LS Investment Advisors LLC increased its position in shares of Urban Edge Properties by 26.3% in the second quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 1,647 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Urban Edge Properties by 3.0% in the first quarter. Advantus Capital Management Inc now owns 11,750 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 346 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.
Shares of Urban Edge Properties (NYSE:UE) opened at 24.75 on Wednesday. The company has a 50-day moving average price of $24.79 and a 200 day moving average price of $25.70. The company has a market capitalization of $2.66 billion, a P/E ratio of 24.36 and a beta of 0.59. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $29.56.
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Several research analysts have recently commented on the company. 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. BidaskClub downgraded Urban Edge Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research downgraded Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.
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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