Urban Edge Properties (NYSE:UE) Receives Average Rating of “Hold” from Brokerages

Urban Edge Properties (NYSE:UE) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.80.

Several analysts recently weighed in on UE shares. UBS Group raised their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, BTIG Research reiterated a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research report on Friday, June 12th.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the sale, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This represents a 87.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in shares of Urban Edge Properties during the third quarter valued at approximately $92,600,000. Jennison Associates LLC boosted its position in Urban Edge Properties by 72.2% in the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after purchasing an additional 1,923,202 shares during the last quarter. Resolution Capital Ltd boosted its position in Urban Edge Properties by 74.1% in the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after purchasing an additional 1,677,531 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Urban Edge Properties in the 4th quarter valued at $16,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Urban Edge Properties in the 4th quarter valued at $12,777,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Down 0.3%

Shares of UE opened at $22.89 on Friday. Urban Edge Properties has a one year low of $18.44 and a one year high of $24.11. The company has a market cap of $2.89 billion, a P/E ratio of 26.62 and a beta of 0.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $20.94.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The firm had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Research analysts forecast that Urban Edge Properties will post 1.49 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 97.67%.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.