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

Urban Edge Properties (NYSE:UE) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $22.00.

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Morgan Stanley boosted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. UBS Group dropped their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th.

Urban Edge Properties Price Performance

UE stock opened at $19.12 on Friday. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.73. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market capitalization of $2.41 billion, a PE ratio of 21.48 and a beta of 1.04. The business has a 50 day simple moving average of $19.15 and a 200-day simple moving average of $19.62.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $120.13 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.19 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Urban Edge Properties’s payout ratio is currently 85.39%.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in 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 valued at $25,000 after buying an additional 1,071 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Urban Edge Properties during the third quarter valued at about $35,000. Smartleaf Asset Management LLC raised its stake in shares of Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 593 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,306 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Urban Edge Properties during the 3rd quarter worth approximately $52,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.