Urban Edge Properties (NYSE:UE) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Urban Edge Properties (NYSE:UE) from a sell rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the stock. BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, UBS Group upped their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Urban Edge Properties Price Performance

NYSE:UE opened at $20.00 on Friday. The stock has a 50 day moving average of $21.86 and a two-hundred day moving average of $21.79. Urban Edge Properties has a 12 month low of $18.46 and a 12 month high of $24.11. The firm has a market cap of $2.52 billion, a P/E ratio of 37.03 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $122.78 million during the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, analysts expect that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. Urban Edge Properties’s payout ratio is 155.56%.

Institutional Trading of Urban Edge Properties

A number of hedge funds and other institutional investors have recently modified their holdings of UE. Jupiter Topco LLC acquired a new position in Urban Edge Properties in the 2nd quarter valued at about $1,173,000. Quantinno Capital Management LP increased its holdings in shares of Urban Edge Properties by 148.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust’s stock worth $3,272,000 after buying an additional 97,978 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Urban Edge Properties by 534.1% during the 1st quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock valued at $3,876,000 after buying an additional 163,421 shares during the period. Renaissance Technologies LLC raised its position in shares of Urban Edge Properties by 155.2% during the 1st quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust’s stock valued at $9,550,000 after buying an additional 290,727 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Urban Edge Properties in the second quarter valued at approximately $1,402,000. 94.94% of the stock is owned by institutional investors and hedge funds.

About Urban Edge Properties

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.