Urban Edge Properties (NYSE:UE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Urban Edge Properties (NYSE:UE) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings 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 price target among analysts that have issued ratings on the stock in the last year is $22.80.

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, BTIG Research reissued a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research report on Friday.

Insider Buying and Selling

In related news, CEO Jeffrey S. Olson sold 161,553 shares of Urban Edge Properties stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the transaction, the chief executive officer directly owned 22,699 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Urban Edge Properties

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Urban Edge Properties by 30.1% during the 1st quarter. Bank of America Corp DE now owns 501,655 shares of the real estate investment trust’s stock valued at $10,023,000 after purchasing an additional 116,045 shares during the period. Amundi raised its stake in Urban Edge Properties by 24.3% during the 1st quarter. Amundi now owns 107,268 shares of the real estate investment trust’s stock valued at $2,143,000 after purchasing an additional 20,962 shares during the period. California State Teachers Retirement System raised its stake in Urban Edge Properties by 23.3% during the 1st quarter. California State Teachers Retirement System now owns 148,595 shares of the real estate investment trust’s stock valued at $2,969,000 after purchasing an additional 28,067 shares during the period. Resolution Capital Ltd raised its stake in Urban Edge Properties by 74.1% during the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after purchasing an additional 1,677,531 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Urban Edge Properties by 148.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 97,978 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

UE stock opened at $23.88 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3.01 billion, a PE ratio of 27.76 and a beta of 0.98. Urban Edge Properties has a 12-month low of $18.14 and a 12-month high of $24.11. The business’s fifty day moving average price is $21.89 and its 200 day moving average price is $20.57.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $132.62 million for the quarter, compared to the consensus estimate 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. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.5 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is 97.67%.

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.