Brokerages Set Urban Edge Properties (NYSE:UE) Price Target at $22.80

Urban Edge Properties (NYSE:UE) has received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.20.

Several equities research analysts recently commented on the stock. BTIG Research restated a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, UBS Group boosted their target price 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.

Urban Edge Properties Price Performance

Shares of NYSE UE traded up $0.04 during mid-day trading on Friday, reaching $22.77. The company had a trading volume of 496,065 shares, compared to its average volume of 1,154,562. The company has a 50-day moving average price of $22.52 and a two-hundred day moving average price of $21.05. The stock has a market cap of $2.87 billion, a PE ratio of 26.47 and a beta of 0.97. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results 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 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. On average, equities analysts anticipate that Urban Edge Properties will post 1.49 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.21 per share. The ex-dividend date was 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 currently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 161,553 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the sale, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at $493,249.27. This represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Edge Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Urban Edge Properties by 426.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,071 shares in the last quarter. Global Retirement Partners LLC raised its stake 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 worth $26,000 after purchasing an additional 1,307 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Urban Edge Properties during the 3rd quarter valued at about $52,000. State of Wyoming bought a new stake in shares of Urban Edge Properties in the 1st quarter valued at approximately $66,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Urban Edge Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 922 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.