Urban Edge Properties (NYSE:UE) Sets New 52-Week High – Should You Buy?

Urban Edge Properties (NYSE:UE)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.96 and last traded at $22.9450, with a volume of 156010 shares. The stock had previously closed at $22.35.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group raised their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Urban Edge Properties has an average rating of “Hold” and a consensus target price of $22.40.

Urban Edge Properties Stock Performance

The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 26.60 and a beta of 0.98. The firm has a fifty day moving average of $21.53 and a 200 day moving average of $20.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is 97.67%.

Insider Buying and Selling

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the sale, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at $79,237.30. This trade represents a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Urban Edge Properties

Several hedge funds and other institutional investors have recently bought and sold shares of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Urban Edge Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock worth $1,424,000 after acquiring an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Urban Edge Properties by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after purchasing an additional 58,350 shares in the last quarter. Jane Street Group LLC purchased a new position in Urban Edge Properties during the first quarter worth approximately $5,076,000. New York State Common Retirement Fund boosted its position in Urban Edge Properties by 15.1% during the second quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Urban Edge Properties by 21.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock worth $6,537,000 after purchasing an additional 62,820 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

About Urban Edge Properties

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.