Urban Edge Properties (NYSE:UE - Get Free Report) CEO Jeffrey S. Olson sold 240,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,931 shares of the company's stock, valued at approximately $43,350.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Urban Edge Properties Stock Performance
Shares of UE stock opened at $22.46 on Friday. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50 day moving average price of $22.46 and a 200 day moving average price of $20.54. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.07 and a beta of 1.53.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The company had revenue of $112.26 million during the quarter. Sell-side analysts anticipate that Urban Edge Properties will post 1.32 EPS for the current year.
Urban Edge Properties Announces Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's payout ratio is currently 30.49%.
Institutional Investors Weigh In On Urban Edge Properties
Several large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in shares of Urban Edge Properties in the second quarter valued at $50,000. Signaturefd LLC boosted its stake in shares of Urban Edge Properties by 91.6% in the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,317 shares during the period. GAMMA Investing LLC boosted its stake in shares of Urban Edge Properties by 25.9% in the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 563 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Urban Edge Properties by 36.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 1,221 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Urban Edge Properties in the third quarter valued at $101,000. Institutional investors and hedge funds own 94.94% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Evercore ISI upped their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th.
Check Out Our Latest Report on Urban Edge Properties
Urban Edge Properties Company Profile
(
Get Free Report)
Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.
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