Large Outflow of Money Witnessed in Urban Edge Properties

Urban Edge Properties (UE) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.78 million) and the uptick to downtick ratio was 0.27. The transaction value on upticks was $2.19 million and on downticks, the transaction value was $7.97 million. The transaction value of block trades during downticks was $5.82 million. The money flow was negative ($5.82 million), indicating the traders were booking profit on the price strength. Urban Edge Properties (UE) rose $0.5 at $29.12, during intraday Friday , a rise of 1.75% over the previous days close.


The company Insiders own 4.68% of Urban Edge Properties shares according to the proxy statements. Institutional Investors own 90.28% of Urban Edge Properties shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the COO of Urban Edge Properties, Minutoli Robert had purchased shares worth of $113,650 in a transaction dated on October 8, 2015. A total of 5,000 shares were purchased at a price of $22.73 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Urban Edge Properties (UE) has been under a strong bear grip, hence the stock is down -1.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.88% in the past 1 week. The stock has risen by 2.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.85% in the past 4 weeks.

Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers. The Company’s portfolio totals approximately 14.8 million square feet. It has approximately 1,100 leases. It leases approximately 20 properties under ground and/or building leases. The Company’s shopping centers and malls include Signal Hill, Vallejo, Walnut Creek, Newington, Waterbury, Baltimore, Glen Burnie, Rockville, Wheaton, Cambridge, Chicopee, Milford, Springfield, Salem, Bergen Town Center, Carlstadt, Cherry Hill, Dover, East Brunswick, Englewood, Hackensack, Hazlet, Lawnside, Montclair, Totowa, Watchung, Bronx, Buffalo, Huntington, Rochester, Allentown, Broomall, Springfield, Charleston, Norfolk, Las Catalinas and Montehiedra.

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