Brokerages Set Urban Edge Properties (NYSE:UE) PT at $22.80

Shares of Urban Edge Properties (NYSE:UE) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $23.20.

Several research analysts recently commented on the company. UBS Group boosted their target price on Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday. BTIG Research reiterated a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. Finally, Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th.

Insider Transactions at Urban Edge Properties

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

Institutional Investors Weigh In On Urban Edge Properties

Several institutional investors have recently modified their holdings of UE. EverSource Wealth Advisors LLC grew its stake in shares of Urban Edge Properties by 426.7% during the second 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 in the last quarter. Global Retirement Partners LLC raised its stake 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 buying an additional 1,307 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Urban Edge Properties in the third quarter valued at $52,000. State of Wyoming purchased a new stake in Urban Edge Properties during the 1st quarter worth about $66,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Urban Edge Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 922 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $22.71 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21. Urban Edge Properties has a 52-week low of $18.46 and a 52-week high of $24.11. The firm has a market cap of $2.86 billion, a PE ratio of 26.41 and a beta of 0.97. The company’s 50 day moving average is $22.49 and its two-hundred day moving average is $21.04.

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 for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, research analysts expect that Urban Edge Properties will post 1.49 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

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

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.