Altfest L J & Co. Inc. Has $580,000 Position in Urban Edge Properties (UE)

Altfest L J & Co. Inc. continued to hold its stake in Urban Edge Properties (NYSE:UE) during the third quarter, Holdings Channel reports. The firm owned 20,598 shares of the real estate investment trust’s stock at the end of the third quarter. Altfest L J & Co. Inc.’s holdings in Urban Edge Properties were worth $580,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UE. Chicago Equity Partners LLC purchased a new stake in Urban Edge Properties during the second quarter valued at about $859,000. Dimensional Fund Advisors LP boosted its position in shares of Urban Edge Properties by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,283,554 shares of the real estate investment trust’s stock valued at $38,326,000 after buying an additional 40,550 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of Urban Edge Properties by 3.0% in the second quarter. BlackRock Advisors LLC now owns 43,605 shares of the real estate investment trust’s stock valued at $1,302,000 after buying an additional 1,290 shares in the last quarter. Kempen Capital Management N.V. bought a new position in shares of Urban Edge Properties during the second quarter valued at $1,082,000. Finally, Invictus RG bought a new position in shares of Urban Edge Properties during the second quarter valued at $258,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

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

Urban Edge Properties (NYSE:UE) opened at 28.85 on Monday. Urban Edge Properties has a one year low of $23.24 and a one year high of $30.29. The firm has a 50-day moving average price of $27.83 and a 200 day moving average price of $27.59. The firm has a market capitalization of $2.88 billion, a PE ratio of 34.14 and a beta of 0.62.

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Separately, Zacks Investment Research raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th.

Urban Edge Properties Company Profile

Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers.

5 Day Chart for NYSE:UE

Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UE).

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