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

Shares of Urban Edge Properties (NYSE:UE) have been given an average rating of “Hold” by the six ratings firms that are presently covering the company, 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 target price among brokerages that have covered the stock in the last year is $22.00.

A number of equities analysts have recently weighed in on UE shares. UBS Group dropped their target price on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley raised their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, January 5th.

Urban Edge Properties Trading Down 0.0%

Shares of UE stock opened at $21.70 on Tuesday. The stock has a market capitalization of $2.73 billion, a P/E ratio of 28.96 and a beta of 1.02. Urban Edge Properties has a fifty-two week low of $17.46 and a fifty-two week high of $22.06. The stock has a 50-day simple moving average of $20.73 and a 200 day simple moving average of $19.85. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.17.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The company had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. On average, sell-side analysts expect that Urban Edge Properties will post 1.49 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio (DPR) is presently 112.00%.

Institutional Trading of Urban Edge Properties

Several large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System acquired a new position in Urban Edge Properties in the first quarter valued at about $1,117,000. SG Americas Securities LLC lifted its stake in Urban Edge Properties by 534.1% in the first quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock valued at $3,876,000 after buying an additional 163,421 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Urban Edge Properties during the first quarter worth $694,000. Hsbc Holdings PLC increased its stake in Urban Edge Properties by 9.0% in the 4th quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock valued at $4,646,000 after buying an additional 19,933 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Urban Edge Properties in the fourth quarter valued at about $205,000. Institutional investors own 94.94% of the company’s stock.

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.