UE - Smart Money Move: Rosenthal Andrea Drazin Grabs $99K Worth Of Urban Edge Props Stock | Benzinga
A notable insider purchase on February 14, was reported by Rosenthal Andrea Drazin, Chief Accounting Officer at Urban Edge Props (NYSE:UE), based on the most recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Drazin increased their investment in Urban Edge Props by purchasing 5,732 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $99,994.
The latest update on Wednesday morning shows Urban Edge Props shares down by 0.0%, trading at $17.52.
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.