Urban Edge Properties (NYSE:UE) Reaches New 52-Week High – Here’s Why

Urban Edge Properties (NYSE:UE)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.96 and last traded at $22.9450, with a volume of 156010 shares. The stock had previously closed at $22.35.

Wall Street Analyst Weigh In

UE has been the topic of several analyst reports. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and an average target price of $22.40.

Urban Edge Properties Trading Up 2.4%

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 business’s 50-day moving average is $21.48 and its two-hundred day moving average is $20.37. The firm has a market cap of $2.88 billion, a P/E ratio of 26.60 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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, analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is currently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at $79,237.30. This represents a 83.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Edge Properties

A number of institutional investors have recently modified their holdings of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Urban Edge Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 3,276 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Urban Edge Properties by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after purchasing an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties in the 1st quarter worth about $5,076,000. New York State Common Retirement Fund grew its position in Urban Edge Properties by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Urban Edge Properties by 21.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock worth $6,537,000 after purchasing an additional 62,820 shares during the last quarter. 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.