Urban Edge Properties (NYSE:UE) Reaches New 52-Week High – What’s Next?

Urban Edge Properties (NYSE:UE)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.63 and last traded at $22.58, with a volume of 984683 shares traded. The stock had previously closed at $22.28.

Analyst Upgrades and Downgrades

UE has been the subject of several research reports. UBS Group boosted their price target on shares of Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Urban Edge Properties presently has a consensus rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Trading Down 0.2%

The company’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $20.26. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.31 and a beta of 0.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

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

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. Urban Edge Properties’s payout ratio is presently 97.67%.

Insider Activity at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 161,553 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the completion of the transaction, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. The trade was a 87.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Amundi increased its holdings in Urban Edge Properties by 0.6% in the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock valued at $1,656,000 after buying an additional 535 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in 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 valued at $155,000 after purchasing an additional 539 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 valued at $38,000 after purchasing an additional 593 shares in the last quarter. ProShare Advisors LLC increased 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 in the last quarter. Finally, California State Teachers Retirement System increased its stake in Urban Edge Properties by 0.7% in the 2nd 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 purchasing an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

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.