Mark Langer Sells 93,962 Shares of Urban Edge Properties (NYSE:UE) Stock

Urban Edge Properties (NYSE:UE) CFO Mark Langer sold 93,962 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at $844,183.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock opened at $23.07 on Thursday. The company’s fifty day simple moving average is $21.71 and its two-hundred day simple moving average is $19.72. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The firm has a market cap of $2.88 billion, a PE ratio of 10.35 and a beta of 1.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share 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. As a group, equities analysts expect that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.95%. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA bought a new stake in Urban Edge Properties in the third quarter valued at $971,000. BNP Paribas Financial Markets lifted its position in shares of Urban Edge Properties by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 4,019 shares during the period. FMR LLC boosted its stake in shares of Urban Edge Properties by 8.6% during the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after purchasing an additional 1,096,560 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Urban Edge Properties by 8.4% during the third quarter. Daiwa Securities Group Inc. now owns 40,398 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 3,136 shares during the period. Finally, Cerity Partners LLC raised its stake in Urban Edge Properties by 92.1% in the third quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 20,132 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

UE has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties Company Profile

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.