Manufacturers Life Adds Stake in Urban Edge Properties
The Manufacturers Life Insurance Company bought 61,284 shares of Urban Edge Properties in the 2nd quarter, worth about $1.4 million, based on an SEC 13F filing. EverSource Wealth Advisors and CIBC Private Wealth Group also increased positions. The REIT reported $0.14 EPS for the quarter, above the $0.11 estimate, while shares were down 0.8% and the dividend payout ratio was 155.56%.