Urban Edge Properties (NYSE:UE) Reaches New 1-Year High – Still a Buy?

Urban Edge Properties (NYSE:UE)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.63 and last traded at $22.58, with a volume of 984683 shares changing hands. The stock had previously closed at $22.28.

Analyst Ratings Changes

UE has been the topic of several analyst reports. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. UBS Group upped their price target on shares of Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Urban Edge Properties currently has an average rating of “Hold” and a consensus price target of $22.40.

Urban Edge Properties Price Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $2.85 billion, a P/E ratio of 26.26 and a beta of 0.99. The stock’s 50 day simple moving average is $21.22 and its 200 day simple moving average is $20.20.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is presently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 19,034 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $21.62, for a total value of $411,515.08. Following the completion of the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. This represents a 83.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Urban Edge Properties

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares during the period. Global Retirement Partners LLC lifted its position in Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,307 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Urban Edge Properties during the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 45.3% during 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 acquiring an additional 593 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,306 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.