Urban Edge Properties (NYSE:UE) Sets New 1-Year High – Here’s Why

Shares of Urban Edge Properties (NYSE:UE) reached a new 52-week high on Friday . The company traded as high as $21.88 and last traded at $21.84, with a volume of 37522 shares. The stock had previously closed at $21.76.

Analysts Set New Price Targets

A number of research firms recently weighed in on UE. Morgan Stanley increased their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. UBS Group dropped their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Stock Up 1.3%

The stock’s 50-day moving average is $20.72 and its 200-day moving average is $19.85. The stock has a market cap of $2.78 billion, a P/E ratio of 29.39 and a beta of 1.02. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The company had revenue of $119.56 million during the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.21 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is currently 112.00%.

Hedge Funds Weigh In On Urban Edge Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position 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 in the last quarter. Global Retirement Partners LLC grew its position in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,307 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Urban Edge Properties in the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC grew its position in 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 buying an additional 593 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in 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 valued at $46,000 after buying an additional 1,306 shares in the last quarter. Institutional investors 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.