Urban Edge Properties (UE) Holdings Lifted by Honeywell International Inc.

Honeywell International Inc. grew its stake in shares of Urban Edge Properties (NYSE:UE) by 27.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,136 shares of the real estate investment trust’s stock after purchasing an additional 14,366 shares during the quarter. Honeywell International Inc. owned about 0.06% of Urban Edge Properties worth $1,595,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in shares of Urban Edge Properties during the 2nd quarter worth approximately $149,000. UBS Group AG increased its position in shares of Urban Edge Properties by 18.9% during the 1st quarter. UBS Group AG now owns 6,315 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 1,004 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Urban Edge Properties by 26.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,900 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,647 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Urban Edge Properties by 108.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,351 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of Urban Edge Properties by 10.5% during the 2nd quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 800 shares during the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

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Urban Edge Properties (UE) traded down 1.35% on Tuesday, hitting $23.34. The company’s stock had a trading volume of 88,482 shares. Urban Edge Properties has a 12 month low of $23.13 and a 12 month high of $28.90. The firm has a 50 day moving average of $24.57 and a 200-day moving average of $24.81. The stock has a market cap of $2.51 billion, a PE ratio of 22.97 and a beta of 0.57.

Several research analysts have weighed in on the company. Evercore ISI lowered Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target on the stock. in a research report on Monday, August 14th. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, BidaskClub raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th.

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.

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

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