BlackRock Amends Urban Edge Properties Stake (SC 13G/A)
Ticker: UE · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1611547
| Field | Detail |
|---|---|
| Company | Urban Edge Properties (UE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate
TL;DR
**BlackRock updated its Urban Edge Properties stake, still a major holder.**
AI Summary
BlackRock, Inc. has filed an amended Schedule 13G/A, indicating a change in its ownership stake in Urban Edge Properties (UE). As of December 31, 2023, BlackRock, a major investment manager, continues to hold a significant position in the real estate company. This filing updates their previously reported holdings, which is important for investors as large institutional ownership can influence stock stability and market perception.
Why It Matters
This filing shows BlackRock's updated ownership in Urban Edge Properties, signaling their continued confidence (or lack thereof) in the company, which can influence other investors' decisions.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk.
Analyst Insight
An investor should note BlackRock's continued presence as a significant holder, which suggests institutional confidence, but this filing alone doesn't provide enough detail to make a buy/sell decision without reviewing the full amendment for specific share count changes.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Urban Edge Properties (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- 91704F104 (other) — the CUSIP number for Urban Edge Properties Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major investment management firm based at 50 Hudson Yards, New York, NY.
Which company's securities are the subject of this filing?
The subject company is Urban Edge Properties, a real estate company with its business address at 210 Route 4 East, Paramus, NJ.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Urban Edge Properties is 91704F104.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement is December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Urban Edge Properties (UE).