Key Points
- Urban Edge Properties CEO Jeffrey Olson sold 161,553 shares on May 8 for about $3.51 million at an average price of $21.73, cutting his ownership by 87.68%.
- The company recently reported stronger-than-expected first-quarter earnings, with EPS of $0.18 versus the $0.12 estimate and revenue of $132.62 million, while reaffirming FY 2026 EPS guidance of 1.48 to 1.52.
- Urban Edge Properties also announced a quarterly dividend of $0.21, payable June 30, for an annualized yield of about 3.9%; analysts currently rate the stock a consensus Hold with a $22 target.
Urban Edge Properties (NYSE:UE - Get Free Report) CEO Jeffrey Olson sold 19,034 shares of the business's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction 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 trade represents a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Urban Edge Properties Stock Performance
Shares of NYSE:UE opened at $21.70 on Wednesday. The company has a market capitalization of $2.73 billion, a price-to-earnings 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. The firm's 50-day moving average is $20.98 and its 200 day moving average is $20.05. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21.
Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Research analysts predict that Urban Edge Properties will post 1.5 EPS for the current year.
Urban Edge Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Urban Edge Properties's dividend payout ratio is presently 97.67%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Urban Edge Properties from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Urban Edge Properties presently has an average rating of "Hold" and a consensus price target of $22.00.
Check Out Our Latest Stock Analysis on Urban Edge Properties
Institutional Investors Weigh In On Urban Edge Properties
Several large investors have recently added to or reduced their stakes in UE. EverSource Wealth Advisors LLC boosted its position in Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,071 shares during the period. Global Retirement Partners LLC boosted its position in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 1,307 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Urban Edge Properties in the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC boosted its position in Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 593 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,306 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.
About Urban Edge Properties
(
Get Free Report)
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.
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