Urban Edge Properties (NYSE:UE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Urban Edge Properties (NYSE:UE) from a sell rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

A number of other brokerages also recently weighed in on UE. 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, June 12th. UBS Group upped their target price on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings lowered Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Urban Edge Properties currently has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Urban Edge Properties Stock Up 0.5%

Shares of NYSE UE opened at $20.10 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 37.22 and a beta of 0.97. Urban Edge Properties has a 52-week low of $18.46 and a 52-week high of $24.11. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The company’s 50 day moving average price is $21.75 and its 200-day moving average price is $21.77.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $122.78 million during the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. 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 earnings per share 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. Investors of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio is 155.56%.

Institutional Investors Weigh In On Urban Edge Properties

A number of hedge funds have recently added to or reduced their stakes in UE. Sequoia Financial Advisors LLC acquired a new position in shares of Urban Edge Properties during the second quarter worth approximately $443,000. Tidal Investments LLC bought a new stake in Urban Edge Properties during the 2nd quarter valued at $762,000. Engineers Gate Manager LP bought a new stake in Urban Edge Properties during the 2nd quarter valued at $1,021,000. Integrated Wealth Concepts LLC bought a new stake in Urban Edge Properties during the 2nd quarter valued at $37,000. Finally, Allworth Financial LP raised its holdings in Urban Edge Properties by 88.3% during the second quarter. Allworth Financial LP now owns 1,260 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

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.