Urban Edge Properties (NYSE:UE) Given Consensus Recommendation of “Hold” by Brokerages

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

Several research analysts have recently commented on UE shares. UBS Group reduced their target price on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, Morgan Stanley lifted 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 research report on Monday, January 5th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Amundi boosted its holdings in shares of Urban Edge Properties by 0.6% during the fourth 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 stake in shares of Urban Edge Properties by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 539 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Urban Edge Properties by 45.3% during 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 lifted its holdings in Urban Edge Properties by 1.8% during the 3rd 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 last quarter. Finally, ProShare Advisors LLC boosted its stake in Urban Edge Properties by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 776 shares during the period. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Down 1.1%

Urban Edge Properties stock opened at $20.49 on Monday. 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 company’s 50-day moving average is $19.93 and its 200-day moving average is $19.84. The firm has a market capitalization of $2.58 billion, a PE ratio of 27.32 and a beta of 1.01. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $21.87.

Urban Edge Properties (NYSE:UE) last issued its earnings results 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). The firm had revenue of $119.56 million during the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is presently 101.33%.

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.