People s United Financial Inc. Acquires 14,344 Shares of Urban Edge Properties (UE)

People s United Financial Inc. boosted its stake in shares of Urban Edge Properties (NYSE:UE) by 38,767.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,381 shares of the real estate investment trust’s stock after buying an additional 14,344 shares during the quarter. People s United Financial Inc.’s holdings in Urban Edge Properties were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Urban Edge Properties by 3.0% during the second quarter. Vanguard Group Inc. now owns 16,197,196 shares of the real estate investment trust’s stock worth $384,360,000 after buying an additional 465,517 shares during the period. BlackRock Inc. grew its position in shares of Urban Edge Properties by 10.8% in the second quarter. BlackRock Inc. now owns 12,974,141 shares of the real estate investment trust’s stock valued at $307,876,000 after purchasing an additional 1,260,383 shares during the last quarter. State Street Corp grew its position in shares of Urban Edge Properties by 1.2% in the first quarter. State Street Corp now owns 4,173,140 shares of the real estate investment trust’s stock valued at $109,753,000 after purchasing an additional 51,198 shares during the last quarter. Northern Trust Corp grew its position in shares of Urban Edge Properties by 12.3% in the second quarter. Northern Trust Corp now owns 2,098,181 shares of the real estate investment trust’s stock valued at $49,789,000 after purchasing an additional 229,576 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Urban Edge Properties by 73.7% in the second quarter. Voya Investment Management LLC now owns 2,073,095 shares of the real estate investment trust’s stock valued at $49,194,000 after purchasing an additional 879,435 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Urban Edge Properties (NYSE:UE) traded down 0.28% during mid-day trading on Tuesday, hitting $25.13. 90,988 shares of the stock traded hands. The stock has a 50 day moving average price of $24.76 and a 200 day moving average price of $24.98. The firm has a market cap of $2.70 billion, a PE ratio of 24.73 and a beta of 0.57. Urban Edge Properties has a 12-month low of $23.13 and a 12-month high of $28.90.

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

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Several analysts have recently commented on the stock. Evercore ISI lowered shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target on the stock. in a research report on Monday, August 14th. BidaskClub lowered 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 lowered shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

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.

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

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