Brokerages Set Urban Edge Properties (NYSE:UE) PT at $22.00

Urban Edge Properties (NYSE:UE) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.00.

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, UBS Group dropped their target price on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th.

Institutional Trading of Urban Edge Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,071 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Urban Edge Properties by 2,108.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,307 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Urban Edge Properties in the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its position in shares of Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 593 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,306 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Trading Down 1.1%

NYSE:UE opened at $20.49 on Monday. The stock has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $19.85. The stock has a market cap of $2.58 billion, a P/E ratio of 27.32 and a beta of 1.02. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.74.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The business had revenue of $119.56 million during the quarter, compared to analysts’ expectations of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. Urban Edge Properties’s dividend payout ratio is 101.33%.

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.