Insider Selling: Urban Edge Properties (NYSE:UE) CFO Sells 93,962 Shares of Stock

Urban Edge Properties (NYSE:UE) CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction dated 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 sale, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Urban Edge Properties Stock Down 1.2 %

UE stock opened at $23.32 on Wednesday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The firm has a market capitalization of $2.91 billion, a PE ratio of 10.46 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. The stock has a 50-day simple moving average of $21.66 and a two-hundred day simple moving average of $19.70.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS 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. On average, equities analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 2.92%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Institutional Investors Weigh In On Urban Edge Properties

Large investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its stake in Urban Edge Properties by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,398 shares of the real estate investment trust’s stock worth $864,000 after acquiring an additional 3,136 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Urban Edge Properties by 92.1% during the third quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust’s stock worth $898,000 after purchasing an additional 20,132 shares in the last quarter. Citigroup Inc. increased its position in shares of Urban Edge Properties by 47.6% in the third quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust’s stock worth $4,020,000 after purchasing an additional 60,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Urban Edge Properties by 4.7% in the third 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 purchasing an additional 101,111 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Urban Edge Properties during the third quarter valued at approximately $627,000. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a 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.