Jeffrey Olson Sells 161,553 Shares of Urban Edge Properties (NYSE:UE) Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson sold 161,553 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the completion of the sale, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at $493,249.27. The trade was a 87.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Urban Edge Properties Price Performance

Shares of UE stock traded down $0.08 during midday trading on Tuesday, reaching $21.70. 728,708 shares of the company were exchanged, compared to its average volume of 953,382. The company’s 50 day moving average price is $20.97 and its two-hundred day moving average price is $20.04. The company has a market cap of $2.73 billion, a P/E ratio of 25.23 and a beta of 0.99. Urban Edge Properties has a 12 month low of $17.46 and a 12 month high of $22.26. 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 (NYSE:UE) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The firm 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. On average, sell-side analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 97.67%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Urban Edge Properties

Institutional investors have recently bought and sold shares of the company. Amundi raised its stake in shares of Urban Edge Properties by 0.6% during the 4th quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 535 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Urban Edge Properties by 7.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 539 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 593 shares during the last quarter. Amalgamated Bank raised its position 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 acquiring an additional 648 shares in the last quarter. Finally, ProShare Advisors LLC raised its position 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 acquiring an additional 776 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Urban Edge Properties

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.