Urban Edge Properties (UE) : Cramer Rosenthal Mcglynn reduced its stake in Urban Edge Properties by 11.14% during the most recent quarter end. The investment management company now holds a total of 2,606,970 shares of Urban Edge Properties which is valued at $76,019,245 after selling 326,795 shares in Urban Edge Properties , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Urban Edge Properties makes up approximately 1.18% of Cramer Rosenthal Mcglynn’s portfolio.
Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in UE in the latest quarter, The investment management firm added 18,700 additional shares and now holds a total of 99,200 shares of Urban Edge Properties which is valued at $2,892,672. Urban Edge Properties makes up approx 0.02% of Cornerstone Capital Management Holdings.’s portfolio.Glenmede Trust Co Na reduced its stake in UE by selling 516 shares or 19.48% in the most recent quarter. The Hedge Fund company now holds 2,133 shares of UE which is valued at $63,286.
Many Wall Street Analysts have commented on Urban Edge Properties. Urban Edge Properties was Downgraded by Credit Suisse to ” Neutral” on Aug 4, 2016.
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.