Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson Sells 19,034 Shares of 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 shares were 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 in the company, valued at approximately $79,237.30. This represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $21.70 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $2.73 billion, a P/E ratio of 25.23 and a beta of 0.99. The firm’s fifty day moving average is $20.98 and its two-hundred day moving average is $20.05. Urban Edge Properties has a 52-week low of $17.46 and a 52-week high of $22.26.

Urban Edge Properties (NYSE:UE) last announced 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. The company had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, analysts anticipate that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given 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 is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is currently 97.67%.

Institutional Trading of Urban Edge Properties

Large investors have recently made changes to their positions in the business. 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 worth $25,000 after buying an additional 1,071 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,307 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Urban Edge Properties in the 3rd quarter worth about $35,000. Smartleaf Asset Management LLC increased its holdings in shares of Urban Edge Properties by 45.3% in the 3rd 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. Finally, Hantz Financial Services Inc. increased its holdings in shares of Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,306 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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