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

Urban Edge Properties (NYSE:UE) shares crossed 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 changing hands.

Urban Edge Properties Price Performance

The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $16.92. The stock has a market capitalization of $2.00 billion, a PE ratio of 7.93 and a beta of 1.49.

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, beating the consensus estimate of $0.31 by $1.57. The company had revenue of $106.25 million during the quarter. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. On average, equities 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 declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.17 dividend. 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 dividend yield of 4.04%. The ex-dividend date was Thursday, March 14th. Urban Edge Properties’s dividend payout ratio is presently 32.08%.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Urban Edge Properties

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in Urban Edge Properties by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,342 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 2,135 shares during the last quarter. Quadrature Capital Ltd bought a new position in Urban Edge Properties during the fourth quarter valued at $272,000. Goldman Sachs Group Inc. lifted its position in Urban Edge Properties by 20.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust’s stock valued at $17,187,000 after purchasing an additional 157,792 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in Urban Edge Properties by 10.0% during the fourth quarter. Lighthouse Investment Partners LLC now owns 330,000 shares of the real estate investment trust’s stock valued at $6,039,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in Urban Edge Properties by 146.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 43,597 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 25,929 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.