Urban Edge Properties (NYSE: UE) is 22.19% higher on its value in year-to-date trading and has touched a low of $15.81 and a high of $22.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UE stock was last observed hovering at around $21.99 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $22.36, the stock is 2.15% and 4.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 1.68% at the moment leaves the stock 19.71% off its SMA200. UE registered 33.73% gain for a year compared to 6-month gain of 30.91%. The firm has a 50-day simple moving average (SMA 50) of $21.3478 and a 200-day simple moving average (SMA200) of $18.65415.
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The stock witnessed a 6.17% loss in the last 1 month and extending the period to 3 months gives it a 13.44%, and is 0.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 1.90% over the month.
Urban Edge Properties (UE) has around 109 employees, a market worth around $2.91B and $445.18M in sales. Current P/E ratio is 10.01 and Fwd P/E is 55.44. Profit margin for the company is 59.18%. Distance from 52-week low is 41.47% and -2.32% from its 52-week high. The company has generated returns on investments over the last 12 months (8.93%).
The EPS is expected to shrink by -86.73% this year.
Urban Edge Properties (UE) Top Institutional Holders
348.0 institutions hold shares in Urban Edge Properties (UE), with institutional investors hold 92.26% of the company’s shares. The shares outstanding are 124.87M, and float is at 124.75M with Short Float at 2.79%. Institutions hold 92.18% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.56 million shares valued at $398.23 million. The investor’s holdings represent 18.2608% of the UE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.26 million shares valued at $355.79 million to account for 16.3147 of the shares outstanding. The other top investors are FMR LLC which holds 12.82 million shares representing 10.8536% and valued at over $236.69 million, while STATE STREET CORP holds 5.7699 of the shares totaling 6.81 million with a market value of $125.83 million.
Urban Edge Properties (UE) Insider Activity
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Urban Edge Properties disclosed in a document filed with the SEC on Mar 12 ’24 that Milton Robert C. III (General Counsel and Secretary) sold a total of 26,333 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $17.02 per share for $0.45 million. Following the transaction, the insider now directly holds 0.0 shares of the UE stock.
