State Street Corp. Updates Passive Stake in Urban Edge Properties
Ticker: UE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1611547
| Field | Detail |
|---|---|
| Company | Urban Edge Properties (UE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp. still holds Urban Edge Properties, no big changes here.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Urban Edge Properties (UE) as of December 31, 2023. This filing is a routine update from an institutional investor, confirming their continued, passive stake in the REIT. For investors, this signals that a large, reputable firm maintains an interest in Urban Edge Properties, which can be seen as a vote of confidence, though it doesn't suggest any active management changes or new strategic moves.
Why It Matters
This filing confirms State Street Corporation's continued, passive ownership in Urban Edge Properties, providing transparency on institutional holdings without indicating any strategic shifts.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not signal any immediate risks or significant changes for the company.
Analyst Insight
This filing is a routine disclosure of institutional ownership and does not suggest any immediate action for investors. It confirms State Street's continued passive stake, which can be seen as a stable, long-term holding by a major financial institution.
Key Numbers
- 0000093751-24-000390 — Accession Number (Unique identifier for this specific SEC filing.)
- 20240130 — Filed As Of Date (The date the filing was officially submitted to the SEC.)
- 20231231 — Date of Event (The date as of which the ownership information is being reported.)
- 0001611547 — Urban Edge Properties CIK (Central Index Key for Urban Edge Properties.)
- 0000093751 — State Street Corp. CIK (Central Index Key for State Street Corporation.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Urban Edge Properties (company) — the subject company (issuer) of the securities
- 0000093751-24-000390 (dollar_amount) — accession number for the filing
- January 30, 2024 (date) — date the SC 13G/A was filed
- December 31, 2023 (date) — date of the event requiring the filing
- 91704F104 (other) — CUSIP number for Urban Edge Properties securities
Forward-Looking Statements
- State Street Corporation will maintain a passive investment strategy in Urban Edge Properties. (State Street Corporation) — high confidence, target: 2025-01-30
- Urban Edge Properties' stock price will not be significantly impacted by this routine filing. (Urban Edge Properties) — high confidence, target: 2024-02-06
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that an institutional investor, in this case, State Street Corporation, is updating its passive ownership stake in a company, Urban Edge Properties, as of a specific date (December 31, 2023).
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by CIK 0000093751 and IRS Identification No. 04-2456637, located at 1 Congress Street, Boston, MA.
Who is the subject company (issuer) of the securities?
The subject company, or issuer, is Urban Edge Properties, identified by CIK 0001611547, 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 class of securities (REIT) of Urban Edge Properties is 91704F104, as stated on the cover page of the filing.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023, as specified on the cover page of the SC 13G/A filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Urban Edge Properties (UE).