Urban Edge Properties (NYSE:UE) Position Decreased by Morgan Stanley

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Morgan Stanley decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 26.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,531 shares of the real estate investment trust’s stock after selling 16,751 shares during the period. Morgan Stanley’s holdings in Urban Edge Properties were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UE. Cohen & Steers Inc. boosted its position in shares of Urban Edge Properties by 23.5% during the 2nd quarter. Cohen & Steers Inc. now owns 12,762,920 shares of the real estate investment trust’s stock valued at $221,181,000 after purchasing an additional 2,432,263 shares in the last quarter. Long Pond Capital LP bought a new position in shares of Urban Edge Properties during the 2nd quarter valued at about $34,713,000. Invesco Ltd. boosted its position in shares of Urban Edge Properties by 37.5% during the 2nd quarter. Invesco Ltd. now owns 2,078,646 shares of the real estate investment trust’s stock valued at $36,023,000 after purchasing an additional 567,090 shares in the last quarter. Carlson Capital L P boosted its position in shares of Urban Edge Properties by 54.6% during the 2nd quarter. Carlson Capital L P now owns 1,315,458 shares of the real estate investment trust’s stock valued at $22,797,000 after purchasing an additional 464,678 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Urban Edge Properties by 2.0% during the 2nd quarter. BlackRock Inc. now owns 16,530,870 shares of the real estate investment trust’s stock valued at $286,481,000 after purchasing an additional 320,334 shares in the last quarter. Institutional investors own 86.96% of the company’s stock.

UE stock opened at $20.91 on Friday. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 1.49. Urban Edge Properties has a one year low of $15.96 and a one year high of $21.74. The firm has a market capitalization of $2.63 billion, a PE ratio of 15.96 and a beta of 0.88. The firm has a 50-day moving average of $20.27 and a two-hundred day moving average of $18.33.

Several research firms have recently weighed in on UE. Compass Point began coverage on shares of Urban Edge Properties in a research report on Thursday, August 15th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 6th.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 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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