Urban Edge Properties (NYSE:UE) Sets New 52-Week High – Still a Buy?

Urban Edge Properties (NYSE:UE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $24.29 and last traded at $23.2970, with a volume of 631 shares. The stock had previously closed at $23.40.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group raised their target price on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.80.

Urban Edge Properties Trading Down 1.0%

The company has a market capitalization of $2.92 billion, a PE ratio of 26.93 and a beta of 0.98. 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 stock has a fifty day moving average of $22.29 and a 200 day moving average of $20.83.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The firm had revenue of $132.62 million during the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, sell-side analysts predict that Urban Edge Properties will post 1.49 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Urban Edge Properties’s payout ratio is 97.67%.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of Urban Edge Properties stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the completion of the sale, the chief executive officer directly owned 22,699 shares in the company, valued at approximately $493,249.27. The trade was a 87.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Urban Edge Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi boosted its position in Urban Edge Properties by 0.6% during the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 535 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Urban Edge Properties by 7.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 539 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Urban Edge Properties by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 776 shares in the last quarter. California State Teachers Retirement System boosted its stake in Urban Edge Properties by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust’s stock worth $2,100,000 after purchasing an additional 816 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Urban Edge Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 922 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.