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 stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.57, for a total value of $2,214,684.34. Following the completion of the transaction, the chief financial officer now directly owns 35,816 shares in the company, valued at approximately $844,183.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Edge Properties Stock Down 1.2 %

Shares of Urban Edge Properties stock traded down $0.28 during trading on Tuesday, hitting $23.32. 660,125 shares of the stock traded hands, compared to its average volume of 883,419. The company has a fifty day moving average price of $21.61 and a two-hundred day moving average price of $19.65. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock has a market cap of $2.91 billion, a P/E ratio of 10.56 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The business 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%. Equities research analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s payout ratio is presently 30.49%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Urban Edge Properties

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Urban Edge Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock worth $320,302,000 after purchasing an additional 191,258 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Urban Edge Properties by 12.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock valued at $78,959,000 after purchasing an additional 516,317 shares during the period. Jennison Associates LLC raised its holdings in Urban Edge Properties by 7.8% in the third quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock worth $63,443,000 after purchasing an additional 215,879 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Urban Edge Properties by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock valued at $48,581,000 after buying an additional 101,111 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Urban Edge Properties by 15.8% in the 1st quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock worth $36,334,000 after buying an additional 296,324 shares during the period. Institutional investors own 94.94% of the company’s stock.

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.