Urban Edge Properties (NYSE:UE) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Urban Edge Properties (NYSE:UE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.33 and traded as high as $19.61. Urban Edge Properties shares last traded at $19.40, with a volume of 704,415 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on UE. Morgan Stanley upped their price target on shares of Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. UBS Group initiated coverage on Urban Edge Properties in a report on Friday, October 24th. They set a “neutral” rating and a $21.00 price target on the stock. Evercore ISI upped their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH initiated coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Urban Edge Properties in a research note on Monday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Urban Edge Properties currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Stock Performance

The company has a 50-day simple moving average of $19.32 and a two-hundred day simple moving average of $19.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $2.44 billion, a P/E ratio of 21.77 and a beta of 1.04.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $120.13 million during the quarter, compared to analysts’ expectations of $117.85 million. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio is currently 85.39%.

Institutional Investors Weigh In On Urban Edge Properties

Several hedge funds have recently bought and sold shares of UE. HighTower Advisors LLC bought a new position in shares of Urban Edge Properties during the first quarter valued at approximately $221,000. AlphaQuest LLC grew its stake in shares of Urban Edge Properties by 1,058.9% in the 1st quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 3,865 shares during the last quarter. Vident Advisory LLC increased its position in Urban Edge Properties by 109.6% during the 1st quarter. Vident Advisory LLC now owns 32,386 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 16,934 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Urban Edge Properties by 1,194.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 145,625 shares of the real estate investment trust’s stock valued at $2,767,000 after buying an additional 134,377 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Urban Edge Properties during the first quarter valued at $1,900,000. 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.