Deutsche Bank AG decreased its holdings in Urban Edge Properties (NYSE:UE) by 22.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,881,843 shares of the real estate investment trust’s stock after selling 1,093,052 shares during the quarter. Deutsche Bank AG’s holdings in Urban Edge Properties were worth $98,942,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Urban Edge Properties by 3.3% during the 4th quarter. BlackRock Inc. now owns 13,842,208 shares of the real estate investment trust’s stock worth $352,838,000 after purchasing an additional 441,922 shares in the last quarter. Cohen & Steers Inc. grew its position in Urban Edge Properties by 536.8% during the 3rd quarter. Cohen & Steers Inc. now owns 8,755,789 shares of the real estate investment trust’s stock worth $211,190,000 after purchasing an additional 7,380,862 shares in the last quarter. Bank of New York Mellon Corp grew its position in Urban Edge Properties by 37.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,839,278 shares of the real estate investment trust’s stock worth $123,353,000 after purchasing an additional 1,325,314 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Urban Edge Properties by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,471,941 shares of the real estate investment trust’s stock worth $35,504,000 after purchasing an additional 33,899 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Urban Edge Properties by 9.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,195,596 shares of the real estate investment trust’s stock worth $30,476,000 after purchasing an additional 101,310 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Separately, Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Urban Edge Properties currently has a consensus rating of “Hold” and an average price target of $25.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 135.39%.
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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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