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 firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $21.62, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Urban Edge Properties Stock Down 0.3%

Shares of NYSE:UE traded down $0.08 during trading on Tuesday, hitting $21.70. 728,708 shares of the company were exchanged, compared to its average volume of 953,382. The firm’s 50 day moving average price is $20.97 and its 200-day moving average price is $20.04. Urban Edge Properties has a 12-month low of $17.46 and a 12-month high of $22.26. 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 stock has a market capitalization of $2.73 billion, a P/E ratio of 25.23 and a beta of 0.99.

Urban Edge Properties (NYSE:UE) last released its quarterly 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 company had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, research analysts predict that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

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

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Urban Edge Properties has a consensus rating of “Hold” and an average price target of $22.00.

Institutional Trading of Urban Edge Properties

Hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its position in shares of Urban Edge Properties by 65.9% during the third quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock worth $2,443,000 after purchasing an additional 47,393 shares in the last quarter. American Century Companies Inc. grew its holdings in Urban Edge Properties by 44.4% during the 3rd quarter. American Century Companies Inc. now owns 1,320,089 shares of the real estate investment trust’s stock valued at $27,022,000 after purchasing an additional 405,723 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Urban Edge Properties by 229.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 72,468 shares of the real estate investment trust’s stock worth $1,483,000 after buying an additional 50,479 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Urban Edge Properties by 215.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 112,540 shares of the real estate investment trust’s stock worth $2,304,000 after buying an additional 76,827 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Urban Edge Properties in the 3rd quarter valued at about $1,130,000. 94.94% of the stock is owned by institutional investors and hedge funds.

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.