Urban Edge Properties’ (UE) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Urban Edge Properties (NYSE:UE) in a research note released on Friday,Weiss Ratings reports.

Other analysts have also issued reports about the company. BTIG Research started coverage on Urban Edge Properties in a research note on Monday, August 11th. They issued a “buy” rating and a $23.00 target price on the stock. Morgan Stanley boosted their target price on Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Evercore ISI boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. LADENBURG THALM/SH SH started coverage on Urban Edge Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, UBS Group initiated coverage on Urban Edge Properties in a research note on Friday. They issued a “neutral” rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Stock Performance

Shares of UE opened at $20.49 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 24.39 and a beta of 1.26. The stock’s fifty day moving average price is $20.32 and its two-hundred day moving average price is $19.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.39. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.85.

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

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.19 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.7%. Urban Edge Properties’s payout ratio is 90.48%.

Hedge Funds Weigh In On Urban Edge Properties

Several hedge funds have recently made changes to their positions in UE. Wealth Enhancement Advisory Services LLC grew its position in shares of Urban Edge Properties by 9.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 3,031 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Urban Edge Properties by 3.2% during the first quarter. Illinois Municipal Retirement Fund now owns 68,455 shares of the real estate investment trust’s stock worth $1,301,000 after buying an additional 2,141 shares in the last quarter. Principal Financial Group Inc. grew its position in Urban Edge Properties by 3.0% during the first quarter. Principal Financial Group Inc. now owns 718,055 shares of the real estate investment trust’s stock worth $13,643,000 after buying an additional 20,835 shares in the last quarter. Arizona State Retirement System grew its position in Urban Edge Properties by 1.7% during the first quarter. Arizona State Retirement System now owns 35,818 shares of the real estate investment trust’s stock worth $681,000 after buying an additional 605 shares in the last quarter. Finally, Edgestream Partners L.P. grew its position in Urban Edge Properties by 37.2% during the first quarter. Edgestream Partners L.P. now owns 39,000 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 10,570 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Edge Properties

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.