Urban Edge Properties (NYSE:UE) Now Covered by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Urban Edge Properties (NYSE:UE) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $23.00 price target on the real estate investment trust’s stock.

UE has been the subject of a number of other research reports. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. BTIG Research began coverage on Urban Edge Properties in a research note on Monday, August 11th. They issued a “buy” rating and a $23.00 target price for the company. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties has an average rating of “Hold” and an average price target of $22.67.

Urban Edge Properties Trading Down 0.4%

NYSE UE opened at $21.05 on Tuesday. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $19.78 and a 200-day moving average of $18.99. The firm has a market cap of $2.65 billion, a PE ratio of 25.06 and a beta of 1.28.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, sell-side analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.6%. Urban Edge Properties’s dividend payout ratio is presently 90.48%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,071 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Urban Edge Properties in the 4th quarter worth approximately $47,000. CWM LLC raised its position in shares of Urban Edge Properties by 50.3% in the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,169 shares in the last quarter. MAI Capital Management bought a new position in shares of Urban Edge Properties in the 2nd quarter worth approximately $66,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $79,000. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.