Brokerages Set Urban Edge Properties (NYSE:UE) PT at $22.00

Shares of Urban Edge Properties (NYSE:UE) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.00.

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. UBS Group lowered their price target on 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 Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th.

Urban Edge Properties Stock Up 1.2%

UE stock opened at $21.61 on Tuesday. The stock has a 50-day simple moving average of $20.78 and a two-hundred day simple moving average of $19.89. Urban Edge Properties has a twelve month low of $17.46 and a twelve month high of $22.06. The firm has a market capitalization of $2.72 billion, a PE ratio of 28.82 and a beta of 1.02. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.17.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm 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. On average, equities analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio is presently 112.00%.

Institutional Trading of Urban Edge Properties

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in shares of Urban Edge Properties by 426.7% during 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 purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC lifted 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 worth $26,000 after buying an additional 1,307 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Urban Edge Properties in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC boosted its stake in Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 593 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Urban Edge Properties by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,306 shares in the last quarter. Hedge funds and other 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.