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

Shares of Urban Edge Properties (NYSE:UE) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.00.

Several equities research analysts recently issued reports on UE shares. UBS Group reduced their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Morgan Stanley upped their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th.

Institutional Trading of Urban Edge Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amundi grew its position in Urban Edge Properties by 0.6% during the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 535 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Urban Edge Properties by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 539 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 593 shares in the last quarter. Amalgamated Bank lifted its position in Urban Edge Properties by 1.8% in the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust’s stock worth $747,000 after purchasing an additional 648 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Urban Edge Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 776 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Down 0.2%

Shares of Urban Edge Properties stock opened at $21.25 on Monday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 28.33 and a beta of 1.01. The stock has a 50-day simple moving average of $19.78 and a 200-day simple moving average of $19.80. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $21.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.74 and a quick ratio of 1.74.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data 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 business had revenue of $119.56 million for the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.0%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, March 13th. Urban Edge Properties’s dividend payout ratio is 101.33%.

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.