Urban Edge Properties (NYSE:UE) Stock Price Passes Below 50-Day Moving Average of $17.16

Urban Edge Properties (NYSE:UEGet Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.16 and traded as low as $16.55. Urban Edge Properties shares last traded at $17.06, with a volume of 991,439 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on UE shares. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Morgan Stanley raised shares of Urban Edge Properties from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $14.00 to $18.00 in a research report on Thursday, December 21st.

Get Our Latest Report on Urban Edge Properties

Urban Edge Properties Trading Up 3.7 %

The stock has a 50-day moving average of $17.16 and a two-hundred day moving average of $16.83. The company has a market cap of $2.03 billion, a P/E ratio of 8.04 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42.

Urban Edge Properties (NYSE:UEGet Free Report) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $1.57. Urban Edge Properties had a return on equity of 23.62% and a net margin of 59.60%. The firm had revenue of $106.25 million for the quarter. On average, equities research analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.17 per share. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 32.08%.

Insiders Place Their Bets

In other news, General Counsel Robert C. Milton III sold 26,333 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Citigroup Inc. boosted its position in shares of Urban Edge Properties by 13.9% during the first quarter. Citigroup Inc. now owns 186,801 shares of the real estate investment trust’s stock valued at $3,567,000 after buying an additional 22,725 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Urban Edge Properties by 94.1% during the 1st quarter. Natixis Advisors L.P. now owns 24,825 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 12,032 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Urban Edge Properties by 143.9% in the first quarter. Bank of Montreal Can now owns 34,601 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 20,413 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Urban Edge Properties by 160.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,925 shares of the real estate investment trust’s stock valued at $1,813,000 after purchasing an additional 58,419 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Urban Edge Properties by 29.0% during the first quarter. BlackRock Inc. now owns 20,450,479 shares of the real estate investment trust’s stock valued at $390,605,000 after purchasing an additional 4,602,331 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

(Get Free Report)

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.

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