Analysts Set Urban Edge Properties (NYSE:UE) Target Price at $23.20

Urban Edge Properties (NYSE:UE) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.20.

A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. UBS Group upped their target price on 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 reiterated 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 UE stock opened at $21.37 on Monday. The business’s 50 day moving average is $22.51 and its two-hundred day moving average is $21.80. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $2.70 billion, a P/E ratio of 39.57 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts forecast that Urban Edge Properties will post 1.52 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is 155.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Urban Edge Properties by 4.6% in the first 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 stake in shares of Urban Edge Properties by 7.2% during 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 buying an additional 58,350 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Urban Edge Properties during the 1st quarter valued at approximately $5,076,000. New York State Common Retirement Fund grew its position in shares of Urban Edge Properties by 15.1% during 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 buying an additional 5,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of 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 buying an additional 62,820 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other 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.