The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Urban Edge Properties (UE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -2.49%, to $16.06. The Urban Edge Properties has recorded 25,860 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Urban Edge Properties Announces Successful Debt Refinancing at Las Catalinas Mall.
The company is listed on the NYSE and operates within the REIT – Retail industry segment. At the end of the last regular session, the stock closed at $16.47 and fluctuated between $16.74 as its day high and $16.45 as its day low. The current market capitalization of Urban Edge Properties is $1.96B. A total of 0.67 million shares were traded on the day, compared to an average of 1.05M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, UE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 2 SELLs from insiders. Insiders purchased 23,034 shares during that period but sold 389.
In the most recent transaction, Milton Robert C. III sold 20,000 shares of UE for 15.83 per share on Feb 17. After the transaction, the General Counsel and Secretary now owns 0 company shares.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Urban Edge Properties pays an annual dividend of $0.64, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 119.35. UE’s most recent ex-dividend date was 9/14/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/14/2023. The UE stock dividend was $0.16 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for UE in the last 3 months, the mean price target is $19.75 with high estimates of $25.00 and low estimates of $14.00. In terms of 52-week highs and lows, UE has a high of $17.68 and a low of $12.91.
As of this writing, UE has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.07. The company reported an EPS of -$0.15 in the last quarter, which was -266.70% lower than expectations of $0.09.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UE’s latest balance sheet shows that the firm has $164.48M in Cash & Short Term Investments as of fiscal 2021. There were $1.75B in debt and $67.08M in liabilities at the time. Its Book Value Per Share was $7.93, while its Total Shareholder’s Equity was $1.05B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UE is Buy with a score of 3.00.