Urban Edge Properties (NYSE:UE) Reaches New 52-Week High – Here’s Why

Urban Edge Properties (NYSE:UE) reached a new 52-week high during trading on Friday . The stock traded as high as $22.96 and last traded at $22.9450, with a volume of 156010 shares traded. The stock had previously closed at $22.35.

Wall Street Analysts Forecast Growth

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

Urban Edge Properties Stock Up 2.4%

The firm’s fifty day moving average price is $21.48 and its 200-day moving average price is $20.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $2.88 billion, a P/E ratio of 26.60 and a beta of 0.98.

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

Urban Edge Properties Announces Dividend

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

Insider Activity

In other news, CEO Jeffrey S. Olson sold 161,553 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the transaction, the chief executive officer directly owned 22,699 shares in the company, valued at $493,249.27. This trade represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UE. Wellington Management Group LLP bought a new position in shares of Urban Edge Properties in the third quarter valued at approximately $92,600,000. Jennison Associates LLC lifted its stake in Urban Edge Properties by 72.2% during the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after purchasing an additional 1,923,202 shares during the last quarter. Resolution Capital Ltd lifted its stake in Urban Edge Properties by 74.1% during the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after purchasing an additional 1,677,531 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Urban Edge Properties during the fourth quarter valued at approximately $16,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Urban Edge Properties during the fourth quarter valued at approximately $12,777,000. 94.94% of the stock is currently owned by 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.