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

Shares of Urban Edge Properties (NYSE:UE) have been given an average rating of “Hold” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.20.

Several analysts have weighed in on UE shares. Weiss Ratings cut Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. UBS Group upped their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th.

Urban Edge Properties Trading Down 0.1%

Shares of Urban Edge Properties stock opened at $21.40 on Monday. The company’s 50-day moving average price is $22.61 and its 200-day moving average price is $21.78. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 39.63 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The firm had revenue of $122.78 million for the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities analysts expect that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio is presently 155.56%.

Institutional Trading of Urban Edge Properties

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP purchased a new stake in Urban Edge Properties during the second quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Urban Edge Properties during the 2nd quarter valued at about $31,000. CIBC Private Wealth Group LLC bought a new position in Urban Edge Properties during the third quarter valued at approximately $52,000. Finally, Nykredit A S bought a new position in shares of Urban Edge Properties during the 2nd quarter valued at $72,000. 94.94% of the stock is owned by institutional investors.

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.