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

Shares of Urban Edge Properties (NYSE:UE) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $23.20.

A number of equities research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. UBS Group lifted their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Urban Edge Properties by 6.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,251 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 471 shares in the last quarter. Amundi lifted its holdings in shares of 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 purchasing an additional 535 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Urban Edge Properties by 3.2% in the fourth 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. Handelsbanken Fonder AB boosted its position in shares of Urban Edge Properties by 1.8% during the second quarter. Handelsbanken Fonder AB now owns 44,590 shares of the real estate investment trust’s stock valued at $1,020,000 after buying an additional 800 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Urban Edge Properties by 0.7% during the second 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 buying an additional 816 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

UE stock opened at $21.37 on Monday. The company has a 50 day simple moving average of $22.51 and a 200 day simple moving average of $21.80. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 39.57 and a beta of 0.98. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57.

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

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 155.56%.

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.