Brokerages Set Urban Edge Properties (NYSE:UE) Target Price at $22.40

Shares of Urban Edge Properties (NYSE:UE) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.80.

UE has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday. UBS Group boosted their price target on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th.

Urban Edge Properties Stock Performance

UE stock opened at $23.88 on Wednesday. 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 business has a 50-day moving average price of $21.89 and a 200 day moving average price of $20.56. The company has a market capitalization of $3.01 billion, a P/E ratio of 27.76 and a beta of 0.98. Urban Edge Properties has a 1-year low of $18.14 and a 1-year high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $119.45 million. 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 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is currently 97.67%.

Insider Activity

In other news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the transaction, the chief executive officer directly owned 3,665 shares in the company, valued at approximately $79,237.30. This represents 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 owned by company insiders.

Institutional Investors Weigh In On Urban Edge Properties

A number of hedge funds have recently bought and sold shares of the stock. Amundi boosted its stake in shares of Urban Edge Properties by 0.6% during the 4th quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 535 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Urban Edge Properties by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 539 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 593 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Urban Edge Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 776 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Urban Edge Properties by 0.7% in the second quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust’s stock worth $2,100,000 after purchasing an additional 816 shares during the period. 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.