Urban Edge Properties (NYSE:UE) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Urban Edge Properties (NYSE:UE)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.68 and traded as high as $21.08. Urban Edge Properties shares last traded at $20.6650, with a volume of 620,637 shares traded.

Wall Street Analyst Weigh In

UE has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Morgan Stanley upped their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Weiss Ratings lowered Urban Edge Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Stock Performance

The firm’s fifty day moving average price is $19.68 and its 200 day moving average price is $19.77. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 27.55 and a beta of 1.06.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio (DPR) is presently 101.33%.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after acquiring an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Urban Edge Properties by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 58,350 shares during the period. Jane Street Group LLC acquired a new position in shares of Urban Edge Properties in the first quarter valued at approximately $5,076,000. CWM LLC increased its stake in Urban Edge Properties by 50.3% during the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,169 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Urban Edge Properties by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 138,130 shares of the real estate investment trust’s stock worth $2,578,000 after buying an additional 2,951 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.