Urban Edge Properties (UE) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Aug 4, 2016.
In a different news, on Oct 13, 2015, Robert Minutoli (COO) purchased 5,000 shares at $22.73 per share price. According to the SEC, on Sep 15, 2015, Herbert Eilberg (Chief Investment Officer) purchased 1,000 shares at $19.88 per share price. On Jun 16, 2015, Michael Zucker (SVP-Leasing) purchased 2,000 shares at $22.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Urban Edge Properties is a real estate investment trust that owns operates and develops retail properties. The Company is focused on managing acquiring developing and redeveloping retail real estate in urban communities primarily in the New York metropolitan region. Its portfolio consists of approximately 83 shopping centers over three malls and a warehouse park totaling approximately 14.8 million square feet. Its properties include shopping centers shopping malls and specialty leasing. Its shopping centers include Amherst New York; BrickTown New Jersey; Broomall Pennsylvania; Charleston South Carolina; San Antonio Texas and Wayne Towne Center New Jersey. Its shopping malls include Monmouth Mall in Eatontown New Jersey; The Outlets at Bergen Town Center in Paramus New Jersey; Oakdale Mall in Johnson City New York; Las Catalinas Mall in Caguas Puerto Rico; Outlets at Montehiedra in San Juan Puerto Rico and Springfield Town Center in Springfield Virginia.