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

Urban Edge Properties (NYSE:UE) CFO Mark Langer sold 93,962 shares of the company’s stock in a transaction 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 directly owns 35,816 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Urban Edge Properties Stock Down 1.1 %

UE stock opened at $23.07 on Thursday. The business has a 50 day moving average of $21.71 and a 200 day moving average of $19.72. The firm has a market cap of $2.88 billion, a PE ratio of 10.35 and a beta of 1.54. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The firm had revenue of $112.26 million during the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. On average, research analysts forecast that Urban Edge Properties will post 1.32 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, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 2.95%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Urban Edge Properties by 8.6% during the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Urban Edge Properties in the 2nd quarter worth $19,326,000. Westwood Holdings Group Inc. raised its stake in shares of Urban Edge Properties by 12.7% in the first quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock worth $78,959,000 after purchasing an additional 516,317 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Urban Edge Properties by 48.4% during the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock valued at $25,973,000 after purchasing an additional 458,951 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Urban Edge Properties by 15.8% during the first quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock valued at $36,334,000 after purchasing an additional 296,324 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

UE has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Urban Edge Properties Company Profile

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.