Urban Edge Properties (NYSE:UE) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Urban Edge Properties (NYSE:UE) from a hold rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms have also weighed in on UE. Weiss Ratings lowered Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, UBS Group boosted their price target on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Urban Edge Properties Stock Up 0.2%

UE opened at $20.60 on Friday. The business has a 50 day moving average of $22.08 and a 200-day moving average of $21.82. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 38.15 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. 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 posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. 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. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.52 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. Urban Edge Properties’s payout ratio is 155.56%.

Institutional Trading of Urban Edge Properties

Hedge funds have recently modified their holdings of the company. Jupiter Topco LLC acquired a new position in shares of Urban Edge Properties in the 2nd quarter worth approximately $1,173,000. Quantinno Capital Management LP increased its holdings in Urban Edge Properties by 148.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 97,978 shares in the last quarter. SG Americas Securities LLC increased its holdings in Urban Edge Properties by 534.1% during the 1st quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock valued at $3,876,000 after purchasing an additional 163,421 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Urban Edge Properties by 155.2% during the 1st quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust’s stock valued at $9,550,000 after purchasing an additional 290,727 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in Urban Edge Properties in the 2nd quarter valued at $2,278,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.