Numeric Investors LLC Has $648,000 Stake in Urban Edge Properties (UE)

Numeric Investors LLC grew its stake in shares of Urban Edge Properties (NYSE:UE) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,317 shares of the real estate investment trust’s stock after buying an additional 1,317 shares during the period. Numeric Investors LLC’s holdings in Urban Edge Properties were worth $648,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Urban Edge Properties by 17.7% during the 2nd quarter. Legal & General Group Plc now owns 289,901 shares of the real estate investment trust’s stock valued at $6,882,000 after buying an additional 43,649 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Urban Edge Properties by 114.1% during the 2nd quarter. Bank of Montreal Can now owns 37,053 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 19,750 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Urban Edge Properties by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,357,905 shares of the real estate investment trust’s stock valued at $35,713,000 after buying an additional 52,889 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Urban Edge Properties by 15.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 946,963 shares of the real estate investment trust’s stock valued at $22,472,000 after buying an additional 129,556 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Urban Edge Properties by 9.1% during the 2nd quarter. Arizona State Retirement System now owns 41,680 shares of the real estate investment trust’s stock valued at $989,000 after buying an additional 3,480 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders 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 yield of 3.51%. Urban Edge Properties’s dividend payout ratio is currently 87.13%.

A number of research analysts have recently weighed in on the company. Evercore ISI cut Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price objective on the stock. in a research report on Monday, August 14th. BidaskClub raised Urban Edge Properties from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research cut Urban Edge Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

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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