Oppenheimer Asset Management Inc. Purchases 841 Shares of Urban Edge Properties (NYSE:UE)

Oppenheimer Asset Management Inc. boosted its stake in Urban Edge Properties (NYSE:UEFree Report) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,672 shares of the real estate investment trust’s stock after purchasing an additional 841 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Urban Edge Properties were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UE. Ameritas Investment Partners Inc. increased its holdings in shares of Urban Edge Properties by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 9,495 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 617 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Urban Edge Properties by 2.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 24,660 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 700 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Urban Edge Properties by 15.9% in the second quarter. PNC Financial Services Group Inc. now owns 6,855 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 941 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Urban Edge Properties by 63.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,484 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 960 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Urban Edge Properties by 1.8% in the second quarter. MetLife Investment Management LLC now owns 61,897 shares of the real estate investment trust’s stock worth $955,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UE shares. Evercore ISI downgraded Urban Edge Properties from an “outperform” rating to an “in-line” rating and set a $18.00 price objective for the company. in a report on Monday, November 27th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Morgan Stanley raised Urban Edge Properties from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $14.00 to $18.00 in a research report on Thursday, December 21st.

Get Our Latest Analysis on Urban Edge Properties

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $17.54 on Monday. The stock has a 50 day moving average price of $17.84 and a 200 day moving average price of $16.71. Urban Edge Properties has a 52 week low of $13.13 and a 52 week high of $18.79. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $2.06 billion, a PE ratio of 48.72 and a beta of 1.50.

Urban Edge Properties Profile

(Free Report)

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area.

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

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