Urban Edge Properties (NYSE:UE) CEO Jeffrey S. Olson Sells 240,000 Shares

Urban Edge Properties (NYSE:UE) CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Urban Edge Properties Stock Up 0.1 %

UE stock opened at $22.46 on Friday. The company has a market cap of $2.80 billion, a P/E ratio of 10.07 and a beta of 1.53. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company’s 50-day moving average price is $22.46 and its 200 day moving average price is $20.54. 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 released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The firm had revenue of $112.26 million for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, research analysts expect that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Institutional Trading of Urban Edge Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Urban Edge Properties by 1,499.6% in the third quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock valued at $34,216,000 after purchasing an additional 1,499,628 shares in the last quarter. FMR LLC lifted its holdings in shares of Urban Edge Properties by 8.6% in 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 purchasing an additional 1,096,560 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Urban Edge Properties in the second quarter valued at about $19,326,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after purchasing an additional 637,587 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Urban Edge Properties by 48.4% in 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. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th.

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.