Urban Edge Properties (NYSE:UE) CEO Sells $3,510,546.69 in Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson sold 161,553 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the sale, the chief executive officer owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Urban Edge Properties Stock Up 0.7%

NYSE:UE opened at $21.56 on Friday. The firm has a market cap of $2.72 billion, a P/E ratio of 25.07 and a beta of 0.99. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. Urban Edge Properties has a fifty-two week low of $17.46 and a fifty-two week high of $22.26. The firm has a 50-day simple moving average of $21.00 and a two-hundred day simple moving average of $20.06.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business had revenue of $132.62 million during the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Analysts predict that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties’s payout ratio is currently 97.67%.

Hedge Funds Weigh In On Urban Edge Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted its holdings in shares of Urban Edge Properties by 0.6% in the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 535 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Urban Edge Properties by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 539 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 593 shares in the last quarter. Amalgamated Bank lifted its holdings in Urban Edge Properties by 1.8% during the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust’s stock valued at $747,000 after purchasing an additional 648 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Urban Edge Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.