Urban Edge Properties (NYSE:UE) Sets New 12-Month High – What’s Next?

Urban Edge Properties (NYSE:UE) hit a new 52-week high during trading on Thursday . The stock traded as high as $24.05 and last traded at $23.7540, with a volume of 649440 shares. The stock had previously closed at $23.63.

Wall Street Analysts Forecast Growth

UE has been the subject of several recent research reports. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group increased their target price on shares of Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Trading Up 0.5%

The business has a fifty day moving average of $21.73 and a 200-day moving average of $20.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $2.99 billion, a P/E ratio of 27.62 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Analysts anticipate that Urban Edge Properties will post 1.5 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 Tuesday, June 30th. Investors 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 yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is presently 97.67%.

Insider Buying and Selling

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the completion of the sale, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. This represents a 83.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Urban Edge Properties

Large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its position in shares of Urban Edge Properties by 65.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock valued at $2,443,000 after purchasing an additional 47,393 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in Urban Edge Properties by 229.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 72,468 shares of the real estate investment trust’s stock worth $1,483,000 after purchasing an additional 50,479 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Urban Edge Properties by 215.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 112,540 shares of the real estate investment trust’s stock worth $2,304,000 after purchasing an additional 76,827 shares during the period. American Century Companies Inc. boosted its stake in Urban Edge Properties by 44.4% in the 3rd quarter. American Century Companies Inc. now owns 1,320,089 shares of the real estate investment trust’s stock worth $27,022,000 after purchasing an additional 405,723 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Urban Edge Properties by 3.7% during the fourth quarter. Jennison Associates LLC now owns 2,662,054 shares of the real estate investment trust’s stock worth $51,085,000 after purchasing an additional 95,007 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.