Urban Edge Properties (NYSE:UE) Given Average Recommendation of “Hold” by Analysts

Urban Edge Properties (NYSE:UE) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

Separately, Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th.

Urban Edge Properties Trading Down 1.5%

Shares of UE stock opened at $21.25 on Friday. Urban Edge Properties has a 12-month low of $17.46 and a 12-month high of $22.26. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average price is $21.00 and its 200-day moving average price is $20.07. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.70 and a beta of 0.99.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The company had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities research analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s payout ratio is presently 97.67%.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the sale, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at $79,237.30. The trade was a 83.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Urban Edge Properties

Several large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its stake in Urban Edge Properties by 11.9% during the first quarter. Lazard Asset Management LLC now owns 81,168 shares of the real estate investment trust’s stock worth $1,622,000 after acquiring an additional 8,650 shares during the last quarter. Renaissance Technologies LLC increased its stake in Urban Edge Properties by 155.2% during the first quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust’s stock worth $9,550,000 after acquiring an additional 290,727 shares during the last quarter. Sei Investments Co. increased its stake in Urban Edge Properties by 55.1% during the first quarter. Sei Investments Co. now owns 314,301 shares of the real estate investment trust’s stock worth $6,280,000 after acquiring an additional 111,641 shares during the last quarter. State of Wyoming bought a new stake in Urban Edge Properties during the first quarter worth approximately $66,000. Finally, Summit Global Investments increased its stake in Urban Edge Properties by 288.5% during the first quarter. Summit Global Investments now owns 44,332 shares of the real estate investment trust’s stock worth $886,000 after acquiring an additional 32,921 shares during the last quarter. 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.