Urban Edge Properties (NYSE:UE) Receives $22.00 Consensus Price Target from Analysts

Shares of Urban Edge Properties (NYSE:UE) have been given an average rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of analysts have recently commented on UE shares. Morgan Stanley upped their price objective 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. Weiss Ratings upgraded Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, UBS Group lowered their price target on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th.

Urban Edge Properties Stock Performance

Shares of UE opened at $19.98 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.52 billion, a P/E ratio of 26.63 and a beta of 1.02. The company has a 50-day moving average of $20.40 and a two-hundred day moving average of $19.80. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $21.87.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The company had revenue of $119.56 million for the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, research analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.21 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 4.2%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is currently 112.00%.

Institutional Trading of Urban Edge Properties

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after purchasing an additional 1,071 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Urban Edge Properties by 2,108.1% in 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Urban Edge Properties during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC boosted its stake in Urban Edge Properties by 45.3% during the 3rd 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. grew its holdings in Urban Edge Properties by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.