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

Shares of Urban Edge Properties (NYSE:UE) reached a new 52-week high on Thursday . The stock traded as high as $22.26 and last traded at $22.28, with a volume of 567714 shares trading hands. The stock had previously closed at $21.97.

Wall Street Analyst Weigh In

UE has been the subject of a number of research reports. UBS Group upped their price objective 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. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Price Performance

The firm has a market capitalization of $2.81 billion, a PE ratio of 25.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a fifty day moving average price of $21.15 and a 200-day moving average price of $20.15.

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 analysts’ consensus estimates 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 firm had revenue of $132.62 million during 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. Sell-side analysts forecast that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is presently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $21.62, for a total value of $411,515.08. Following the sale, the chief executive officer directly owned 3,665 shares in the company, valued at approximately $79,237.30. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Urban Edge Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of UE. EverSource Wealth Advisors LLC grew its holdings in Urban Edge Properties by 426.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Urban Edge Properties by 2,108.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,307 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Urban Edge Properties during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC boosted its position in shares of 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 worth $38,000 after purchasing an additional 593 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,306 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.