Urban Edge Properties (UE) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC boosted its holdings in shares of Urban Edge Properties (NYSE:UE) by 36.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 332,830 shares of the real estate investment trust’s stock after buying an additional 88,509 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.31% of Urban Edge Properties worth $7,898,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Urban Edge Properties during the second quarter worth about $149,000. UBS Group AG lifted its stake in Urban Edge Properties by 18.9% during the first quarter. UBS Group AG now owns 6,315 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 1,004 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Urban Edge Properties by 26.3% during the second quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,647 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Urban Edge Properties by 108.8% during the second quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,351 shares during the last quarter. Finally, GAM Holding AG lifted its stake in Urban Edge Properties by 10.5% during the second quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 800 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

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Shares of Urban Edge Properties (UE) opened at 25.04 on Wednesday. The firm’s 50-day moving average price is $24.58 and its 200 day moving average price is $24.58. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 24.65 and a beta of 0.57. Urban Edge Properties has a 52 week low of $23.67 and a 52 week high of $28.90.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. Urban Edge Properties’s payout ratio is 87.13%.

UE has been the subject of several research analyst reports. BidaskClub raised Urban Edge Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Evercore ISI lowered Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target for the company. in a research note on Monday, August 14th.

Urban Edge Properties 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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