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 the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the transaction, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at $79,237.30. The trade was a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Urban Edge Properties Trading Down 1.4%

UE opened at $21.39 on Thursday. Urban Edge Properties has a 12 month low of $17.46 and a 12 month high of $22.26. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 24.87 and a beta of 0.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The business has a fifty day moving average price of $20.98 and a 200 day moving average price of $20.06.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 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 during 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 expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

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

Institutional Trading of Urban Edge Properties

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 3,276 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Urban Edge Properties by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 58,350 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Urban Edge Properties in the 1st quarter valued at about $5,076,000. New York State Common Retirement Fund lifted its holdings in shares of Urban Edge Properties by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Urban Edge Properties by 21.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock valued at $6,537,000 after purchasing an additional 62,820 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.