Urban Edge Properties (NYSE:UE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Urban Edge Properties (NYSE:UE) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other analysts have also commented on the stock. UBS Group lifted their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, BTIG Research restated a “buy” rating and set a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and a consensus target price of $23.25.

Urban Edge Properties Trading Down 0.6%

Shares of Urban Edge Properties stock opened at $20.57 on Friday. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11. The firm has a market cap of $2.60 billion, a PE ratio of 38.10 and a beta of 0.97. The stock has a fifty day moving average price of $22.12 and a 200-day moving average price of $21.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57.

Urban Edge Properties (NYSE:UE) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $122.78 million for the quarter, compared to analysts’ expectations 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 research analysts anticipate that Urban Edge Properties will post 1.52 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. Urban Edge Properties’s dividend payout ratio is presently 155.56%.

Institutional Investors Weigh In On Urban Edge Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Urban Edge Properties during the second quarter worth about $523,715,000. State Street Corp raised its position in shares of Urban Edge Properties by 1.3% in the second quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock valued at $137,984,000 after purchasing an additional 92,101 shares during the period. Wellington Management Group LLP raised its position in shares of Urban Edge Properties by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after purchasing an additional 82,594 shares during the period. Jennison Associates LLC lifted its stake in shares of Urban Edge Properties by 72.2% during the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after buying an additional 1,923,202 shares in the last quarter. Finally, Resolution Capital Ltd lifted its stake in shares of 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 buying an additional 1,677,531 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

About Urban Edge Properties

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.