Jeffrey Olson Sells 19,034 Shares of Urban Edge Properties (NYSE:UE) Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson sold 19,034 shares of Urban Edge Properties stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. This trade represents a 83.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Urban Edge Properties Stock Down 0.3%

Shares of UE stock traded down $0.08 during trading hours on Tuesday, hitting $21.70. 728,708 shares of the company were exchanged, compared to its average volume of 953,382. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. Urban Edge Properties has a one year low of $17.46 and a one year high of $22.26. The business’s 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $20.04. 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 announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Sell-side analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

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

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,071 shares during the period. Global Retirement Partners LLC raised its position in Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,307 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Urban Edge Properties in the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $38,000 after acquiring an additional 593 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Urban Edge Properties by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.