Urban Edge Properties (NYSE:UE) CFO Mark Langer Sells 93,962 Shares

Urban Edge Properties (NYSE:UE) CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction that occurred on 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 owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Urban Edge Properties Trading Down 1.2 %

Shares of Urban Edge Properties stock opened at $23.32 on Wednesday. The company has a market capitalization of $2.91 billion, a P/E ratio of 10.46 and a beta of 1.54. The stock has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $19.70. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The firm had revenue of $112.26 million during the quarter. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date 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 payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI raised their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors have recently modified their holdings of UE. Daiwa Securities Group Inc. boosted its holdings in shares of 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 buying an additional 3,136 shares during the last quarter. Cerity Partners LLC raised its position in Urban Edge Properties by 92.1% in the third quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 20,132 shares during the period. Citigroup Inc. boosted its stake in 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 valued at $4,020,000 after acquiring an additional 60,634 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Urban Edge Properties by 4.7% during the 3rd 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 acquiring an additional 101,111 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Urban Edge Properties during the 3rd quarter worth approximately $627,000. 94.94% of the stock is owned by institutional investors.

About Urban Edge Properties

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.