UE - Eye On Growth: CATHERINE RICE Adds $119K Of Urban Edge Props Stock To Portfolio | Benzinga
CATHERINE RICE, Director at Urban Edge Props (NYSE:UE), reported an insider buy on May 8, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that RICE purchased 7,036 shares of Urban Edge Props. The total transaction amounted to $119,998.
The latest update on Thursday morning shows Urban Edge Props shares down by 0.0%, trading at $17.05.
About Urban Edge Props
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Breaking Down Urban Edge Props's Financial Performance
Positive Revenue Trend: Examining Urban Edge Props's financials over 3 months reveals a positive narrative. The ...