Urban Edge Properties (NYSE: UE) is -6.84% lower on its value in year-to-date trading and has touched a low of $15.81 and a high of $23.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UE stock was last observed hovering at around $19.88 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $20.03, the stock is -4.95% and -9.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.75% at the moment leaves the stock 0.74% off its SMA200. UE registered 12.02% gain for a year compared to 6-month gain of 1.93%. The firm has a 50-day simple moving average (SMA 50) of $22.21 and a 200-day simple moving average (SMA200) of $19.8682.
The stock witnessed a -10.82% loss in the last 1 month and extending the period to 3 months gives it a -6.31%, and is -1.52% down 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 1.71% over the week and 1.98% over the month.
Urban Edge Properties (UE) has around 109 employees, a market worth around $2.64B and $445.18M in sales. Current P/E ratio is 8.97 and Fwd P/E is 47.32. Profit margin for the company is 59.18%. Distance from 52-week low is 26.73% and -16.02% from its 52-week high. The company has generated returns on investments over the last 12 months (8.93%).
with sales reaching $110.79M over the same period.The EPS is expected to shrink by -86.73% this year, but quarterly earnings will post 5.54% year-over-year. Quarterly sales are estimated to shrink -4.97% in year-over-year returns.
370.0 institutions hold shares in Urban Edge Properties (UE), with institutional investors hold 96.57% of the company’s shares. The shares outstanding are 124.87M, and float is at 124.76M with Short Float at 2.49%. Institutions hold 96.48% 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
The most recent transaction is an insider sale by Olson Jeffrey S, the company’s Chairman of the Board & CEO. SEC filings show that Olson Jeffrey S sold 240,000 shares of the company’s common stock on Dec 11 ’24 at a price of $22.45 per share for a total of $5.39 million. Following the sale, the insider now owns 1931.0 shares.
Still, SEC filings show that on Dec 04 ’24, Olson Jeffrey S (Chairman of the Board & CEO) disposed off 188,733 shares at an average price of $22.81 for $4.3 million. The insider now directly holds 1,931 shares of Urban Edge Properties (UE).
