Urban Edge Properties (NYSE:UE) Receives $22.00 Average Target Price from Brokerages

Urban Edge Properties (NYSE:UE) has received an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

UE has been the topic of several research analyst reports. UBS Group cut their price target on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley raised their target price on shares of 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. 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.

Urban Edge Properties Price Performance

Shares of UE opened at $20.92 on Monday. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $21.87. The stock has a market cap of $2.64 billion, a PE ratio of 27.89 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a fifty day moving average price of $19.88 and a 200 day moving average price of $19.83.

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

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.21 dividend. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, March 13th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 101.33%.

Institutional Investors Weigh In On Urban Edge Properties

Several hedge funds have recently made changes to their positions in UE. Allianz Asset Management GmbH grew its stake in shares of Urban Edge Properties by 65.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock valued at $2,443,000 after purchasing an additional 47,393 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Urban Edge Properties by 62.7% during the second quarter. Squarepoint Ops LLC now owns 146,472 shares of the real estate investment trust’s stock worth $2,733,000 after purchasing an additional 56,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Urban Edge Properties during the second quarter worth $2,032,000. Bank of New York Mellon Corp lifted its holdings in shares of Urban Edge Properties by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,359,107 shares of the real estate investment trust’s stock worth $25,361,000 after purchasing an additional 18,350 shares during the period. Finally, Elo Mutual Pension Insurance Co purchased a new position in Urban Edge Properties in the 2nd quarter valued at $615,000. Institutional investors and hedge funds 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.