This Is Too Hot For Urban Edge Properties (NYSE: UE), Let’s Take A Closer Look

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Urban Edge Properties Announces Tax Treatment of 2023 Dividend Distributions.

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Stocks Info

As a NYSE listed company, UE falls under the Real Estate sector while operating within the REIT – Retail industry segment. At the end of the last regular session, the stock closed at $17.30 and fluctuated between $17.44 as its day high and $17.25 as its day low. The current market capitalization of Urban Edge Properties is $2.04B. A total of 0.69 million shares were traded on the day, compared to an average of 940.90K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 3 BUYs and 2 SELLs from insiders. Insiders purchased 22,123 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.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Urban Edge Properties pays an annual dividend of $0.64, resulting in a dividend yield of 3.70%, and it has a price to earnings (P/E) ratio of 49.77. UE’s most recent ex-dividend date was 12/14/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The UE stock dividend was $0.16 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $21.00 and low estimates of $18.00. In terms of 52-week highs and lows, UE has a high of $18.79 and a low of $13.12.

As of this writing, UE has an earnings estimate of $Unity Software Inc. per share for the current quarter. EPS was calculated based on a consensus of General Electric Company estimates, with a high estimate of $Deere & Company per share and a lower estimate of $Sea Limited.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 -$0.53, while its Total Shareholder’s Equity was $1.05B.

Analysts Opinion

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. 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 3.67.

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