Urban Edge Properties (NYSE:UE) Given Consensus Rating of “Hold” by Brokerages

Shares of Urban Edge Properties (NYSE:UE) have received an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $22.40.

A number of research analysts recently commented on UE shares. UBS Group upped their price target on shares of Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th.

Insider Activity at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 161,553 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the transaction, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This trade represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Urban Edge Properties by 7.2% in the 1st 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Urban Edge Properties during the 1st quarter valued at $5,076,000. New York State Common Retirement Fund lifted its position in shares of Urban Edge Properties by 15.1% during the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after acquiring an additional 5,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Urban Edge Properties by 21.9% during the 2nd 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. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 3.0%

UE stock opened at $23.65 on Wednesday. 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 company has a fifty day moving average price of $21.66 and a two-hundred day moving average price of $20.47. Urban Edge Properties has a one year low of $18.14 and a one year high of $23.81. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 27.50 and a beta of 0.98.

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 for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities analysts anticipate that Urban Edge Properties will post 1.5 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s payout ratio is presently 97.67%.

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.