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

Urban Edge Properties (NYSE:UE) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.00.

A number of brokerages recently issued reports on UE. Morgan Stanley increased their price objective on 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 cut their target price on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings upgraded Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th.

Hedge Funds Weigh In On Urban Edge Properties

Several large investors have recently bought and sold shares of the stock. Amundi lifted its stake in shares of Urban Edge Properties by 0.6% in the 4th quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after acquiring an additional 535 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Urban Edge Properties by 7.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 539 shares during the period. 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 worth $38,000 after buying an additional 593 shares in the last quarter. Amalgamated Bank boosted its stake in Urban Edge Properties by 1.8% during the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust’s stock valued at $747,000 after buying an additional 648 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Urban Edge Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 0.0%

Urban Edge Properties stock opened at $20.01 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.74. Urban Edge Properties has a one year low of $15.66 and a one year high of $21.87. The company has a 50-day simple moving average of $20.37 and a 200-day simple moving average of $19.81. The firm has a market capitalization of $2.52 billion, a P/E ratio of 26.67 and a beta of 1.02.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The firm had revenue of $119.56 million during the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 4.2%. Urban Edge Properties’s dividend payout ratio is currently 112.00%.

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.