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

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

A number of research analysts have commented on UE shares. Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. UBS Group reduced 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, Morgan Stanley raised their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock opened at $18.72 on Friday. The firm has a market cap of $2.36 billion, a PE ratio of 21.03 and a beta of 1.04. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $21.73. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $19.14 and its two-hundred day simple moving average is $19.62.

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

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.19 per share. The ex-dividend date was Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 4.1%. Urban Edge Properties’s payout ratio is currently 85.39%.

Institutional Trading of Urban Edge Properties

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Urban Edge Properties by 7.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 539 shares in the last quarter. Smartleaf Asset Management LLC grew 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 purchasing an additional 593 shares during the period. Amalgamated Bank grew its stake in Urban Edge Properties by 1.8% in the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust’s stock worth $747,000 after purchasing an additional 648 shares during the period. Quadrant Capital Group LLC raised its holdings in Urban Edge Properties by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 14,744 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 792 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Urban Edge Properties by 0.7% during the second quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust’s stock valued at $2,100,000 after buying an additional 816 shares during the period. 94.94% of the stock is owned by institutional investors.

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.