Brokerages Set Urban Edge Properties (NYSE:UE) PT at $22.40

Urban Edge Properties (NYSE:UE) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.80.

UE has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a report on Friday. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, UBS Group lifted their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, May 18th.

Urban Edge Properties Stock Up 0.3%

Shares of NYSE UE opened at $22.99 on Wednesday. The stock has a market cap of $2.90 billion, a PE ratio of 26.74 and a beta of 0.98. The business has a fifty day moving average of $21.99 and a two-hundred day moving average of $20.62. Urban Edge Properties has a 52-week low of $18.22 and a 52-week high of $24.11. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $132.62 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.21 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.7%. Urban Edge Properties’s payout ratio is presently 97.67%.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of Urban Edge Properties stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the transaction, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. The trade was a 87.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors have recently bought and sold shares of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 3,276 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Urban Edge Properties by 7.2% in 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 valued at $16,567,000 after acquiring an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties in the first quarter valued at about $5,076,000. New York State Common Retirement Fund increased its position in Urban Edge Properties by 15.1% in 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Urban Edge Properties by 21.9% in 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 during the period. Institutional investors own 94.94% of the company’s stock.

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.