Urban Edge Properties (NYSE: UE) is -1.44% lower on its value in year-to-date trading and has touched a low of $15.77 and a high of $23.83 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 $20.75 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $21.19, the stock is 3.95% and 0.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 2.12% at the moment leaves the stock 4.72% off its SMA200. UE registered 21.21% gain for a year compared to 6-month gain of 8.66%. The firm has a 50-day simple moving average (SMA 50) of $21.2058 and a 200-day simple moving average (SMA200) of $20.2334.
The stock witnessed a 7.02% loss in the last 1 month and extending the period to 3 months gives it a -9.73%, and is 4.18% 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 3.47% over the week and 2.39% over the month.
Urban Edge Properties (UE) has around 109 employees, a market worth around $2.79B and $445.18M in sales. Current P/E ratio is 9.49 and Fwd P/E is 44.15. Profit margin for the company is 59.18%. Distance from 52-week low is 34.39% and -11.09% from its 52-week high. The company has generated returns on investments over the last 12 months (8.93%).
with sales reaching $119.05M over the same period.The EPS is expected to shrink by -26.67% this year, but quarterly earnings will post 6.56% year-over-year. Quarterly sales are estimated to grow 8.67% in year-over-year returns.
The shares outstanding are 124.87M, and float is at 124.71M with Short Float at 2.47%.
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).
