A major move is in the offing as Urban Edge Properties (UE) market cap hits 3.06 billion

Urban Edge Properties (NYSE: UE) on Tuesday, soared 0.56% from the previous trading day, before settling in for the closing price of $23.13. Within the past 52 weeks, UE’s price has moved between $15.81 and $23.85.

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Real Estate Sector giant saw their annual sales surged by 1.18% over the last five years. The company achieved an average annual earnings per share of -86.73%. With a float of $124.75 million, this company’s outstanding shares have now reached $124.87 million.

The firm has a total of 109 workers. Let’s measure their productivity. In terms of profitability, gross margin is 40.66%, operating margin of 32.35%, and the pretax margin is 62.35%.

Urban Edge Properties (UE) Insider Activity

Observing investor behavior towards REIT – Retail industry stocks is more important than anything else. The insider ownership of Urban Edge Properties is 0.09%, while institutional ownership is 95.11%. The most recent insider transaction that took place on Nov 11 ’24, was worth 2,214,590. In this transaction Chief Financial Officer of this company sold 93,962 shares at a rate of $23.57, taking the stock ownership to the 35,816 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Officer proposed sale 93,962 for $23.53, making the entire transaction worth $2,210,778.

Urban Edge Properties (UE) Earnings and Forecasts

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.14) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -86.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.80% during the next five years compared to 18.09% growth over the previous five years of trading.

Urban Edge Properties (NYSE: UE) Trading Performance Indicators

Urban Edge Properties (UE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.88. Likewise, its price to free cash flow for the trailing twelve months is 47.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.23, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.40 in one year’s time.

Technical Analysis of Urban Edge Properties (UE)

Analysing the last 5-days average volume posted by the [Urban Edge Properties, UE], we can find that recorded value of 1.36 million was better than the volume posted last year of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 44.49%. Additionally, its Average True Range was 0.44.

During the past 100 days, Urban Edge Properties’s (UE) raw stochastic average was set at 89.95%, which indicates a significant increase from 46.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.87% in the past 14 days, which was lower than the 18.96% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $22.08, while its 200-day Moving Average is $19.13. Now, the first resistance to watch is $23.41. This is followed by the second major resistance level at $23.55. The third major resistance level sits at $23.81. If the price goes on to break the first support level at $23.01, it is likely to go to the next support level at $22.75. Should the price break the second support level, the third support level stands at $22.61.

Urban Edge Properties (NYSE: UE) Key Stats

Market capitalization of the company is 3.06 billion based on 124,871K outstanding shares. Right now, sales total 416,920 K and income totals 248,500 K. The company made 112,430 K in profit during its latest quarter, and 9,080 K in sales during its previous quarter.