Insider Selling: Urban Edge Properties (NYSE:UE) CEO Sells 161,553 Shares of Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson sold 161,553 shares of Urban Edge Properties stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the sale, the chief executive officer directly owned 22,699 shares in the company, valued at $493,249.27. This trade represents a 87.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Urban Edge Properties Stock Down 0.3%

NYSE:UE traded down $0.08 on Tuesday, reaching $21.70. The stock had a trading volume of 728,708 shares, compared to its average volume of 953,382. The company has a 50-day moving average of $20.97 and a 200 day moving average of $20.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2.73 billion, a P/E ratio of 25.23 and a beta of 0.99. Urban Edge Properties has a 12-month low of $17.46 and a 12-month high of $22.26.

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 business had revenue of $132.62 million for 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. On average, research analysts predict that Urban Edge Properties will post 1.5 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 97.67%.

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 report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Edge Properties has an average rating of “Hold” and an average price target of $22.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Urban Edge Properties by 4.6% during the first 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 acquiring an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 bought a new stake in Urban Edge Properties in the 1st quarter valued at about $5,076,000. New York State Common Retirement Fund grew its position in 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 worth $796,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Urban Edge Properties by 21.9% in the second 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 period. 94.94% of the stock is currently owned by institutional investors.

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.