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

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

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley upped their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in UE. Hsbc Holdings PLC raised its holdings in Urban Edge Properties by 9.0% in the fourth quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock worth $4,646,000 after purchasing an additional 19,933 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Urban Edge Properties in the 4th quarter valued at approximately $205,000. Empowered Funds LLC acquired a new stake in Urban Edge Properties during the 4th quarter worth about $78,000. Wellington Management Group LLP increased its holdings in shares of Urban Edge Properties by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after purchasing an additional 82,594 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Urban Edge Properties in the fourth quarter valued at about $16,858,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.0%

UE opened at $20.18 on Friday. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $21.87. The company has a market capitalization of $2.54 billion, a P/E ratio of 26.90 and a beta of 1.02. The stock’s fifty day moving average is $20.34 and its two-hundred day moving average is $19.84. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.17.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The firm had revenue of $119.56 million for the quarter, compared to analysts’ expectations of $103.64 million. 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 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.21 per share. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.2%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 112.00%.

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.