Urban Edge Properties (NYSE:UE) CEO Sells $5,388,000.00 in Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the sale, the chief executive officer now owns 1,931 shares in the company, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Urban Edge Properties Stock Up 0.2 %

Shares of NYSE UE opened at $22.33 on Friday. The firm’s 50-day moving average price is $22.49 and its 200-day moving average price is $20.60. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.01 and a beta of 1.53. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $112.26 million for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, equities research analysts anticipate that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s dividend payout ratio is 30.49%.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted 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 note on Monday, September 16th.

Institutional Trading of Urban Edge Properties

Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Urban Edge Properties during the 2nd quarter valued at about $50,000. Signaturefd LLC grew its holdings in Urban Edge Properties by 91.6% during the 2nd 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 last quarter. GAMMA Investing LLC grew its holdings in Urban Edge Properties by 25.9% during the 3rd 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 last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Urban Edge Properties by 36.0% during the 3rd 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 last quarter. Finally, Quest Partners LLC bought a new position in Urban Edge Properties during the 3rd quarter valued at about $101,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Edge Properties

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.