Urban Edge Properties (NYSE:UE) Reaches New 12-Month High – Still a Buy?

Urban Edge Properties (NYSE:UE) shares hit a new 52-week high on Thursday . The company traded as high as $22.26 and last traded at $22.28, with a volume of 567714 shares. The stock had previously closed at $21.97.

Analysts Set New Price Targets

A number of research 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 report on Monday. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Urban Edge Properties presently has a consensus rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Price Performance

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 business’s 50 day moving average price is $21.08 and its 200 day moving average price is $20.11. The stock has a market capitalization of $2.82 billion, a P/E ratio of 26.03 and a beta of 0.99.

Urban Edge Properties (NYSE:UE) last posted 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 company 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. Sell-side analysts forecast that Urban Edge Properties will post 1.5 EPS for the current 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 $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 97.67%.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the completion of the sale, the chief executive officer owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. The trade was a 87.68% decrease in their ownership of the stock. The transaction 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in Urban Edge Properties in the 3rd quarter worth $92,600,000. Jennison Associates LLC raised its holdings in Urban Edge Properties by 72.2% during the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after acquiring an additional 1,923,202 shares during the period. Resolution Capital Ltd raised its holdings in Urban Edge Properties by 74.1% during the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after acquiring an additional 1,677,531 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Urban Edge Properties in the fourth quarter valued at about $16,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Urban Edge Properties in the fourth quarter valued at about $12,777,000. 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.