Urban Edge Properties (NYSE:UE) Stock Price Passes Above 50-Day Moving Average of $16.82

Urban Edge Properties (NYSE:UE)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $16.82 and traded as high as $16.89. Urban Edge Properties shares last traded at $16.82, with a volume of 603,333 shares trading hands.

Urban Edge Properties Price Performance

The company has a market capitalization of $2.00 billion, a PE ratio of 7.93 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.42 and a quick ratio of 2.42. The company’s 50 day simple moving average is $16.82 and its 200 day simple moving average is $16.92.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The business had revenue of $106.25 million for the quarter. As a group, sell-side analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.04%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.16. Urban Edge Properties’s dividend payout ratio (DPR) is 32.08%.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UE. GAMMA Investing LLC purchased a new position in shares of Urban Edge Properties in the fourth quarter valued at $61,000. Quadrant Capital Group LLC increased its position in Urban Edge Properties by 34.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,162 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Urban Edge Properties during the 4th quarter worth about $115,000. Vestmark Advisory Solutions Inc. purchased a new stake in Urban Edge Properties during the 3rd quarter worth about $174,000. Finally, Oppenheimer Asset Management Inc. increased its position in Urban Edge Properties by 7.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Urban Edge Properties

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.