Urban Edge Properties (NYSE:UE) Sets New 1-Year High – Time to Buy?

Urban Edge Properties (NYSE:UE) shares reached a new 52-week high on Monday . The company traded as high as $24.29 and last traded at $23.2970, with a volume of 631 shares traded. The stock had previously closed at $23.40.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UE. 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. UBS Group increased their price objective 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. Finally, BTIG Research restated a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Urban Edge Properties currently has an average rating of “Hold” and an average price target of $22.80.

Urban Edge Properties Stock Performance

The company’s 50 day simple moving average is $22.29 and its 200 day simple moving average is $20.83. 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 stock has a market cap of $2.92 billion, a PE ratio of 26.93 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The company had revenue of $132.62 million during 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. Analysts expect that Urban Edge Properties will post 1.49 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s payout ratio is presently 97.67%.

Insider Activity

In related news, CEO Jeffrey S. Olson sold 19,034 shares of Urban Edge Properties 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 sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. The trade was a 83.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Urban Edge Properties by 1.3% during the second quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after purchasing an additional 92,101 shares during the period. Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 82,594 shares in the last quarter. Jennison Associates LLC raised its holdings in Urban Edge Properties by 72.2% in the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after purchasing an additional 1,923,202 shares in the last quarter. Resolution Capital Ltd lifted its position in shares of Urban Edge Properties by 74.1% in the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after purchasing an additional 1,677,531 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Urban Edge Properties by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,284,098 shares of the real estate investment trust’s stock valued at $63,032,000 after purchasing an additional 14,361 shares in the last quarter. Institutional investors 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.