Urban Edge Properties (NYSE:UE) Sets New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

UE has been the topic of a number of recent research reports. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Finally, UBS Group upped their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.80.

Urban Edge Properties Price Performance

The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 26.58 and a beta of 0.98. The stock’s 50-day simple moving average is $22.34 and its two-hundred day simple moving average is $20.88.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business had revenue of $132.62 million during the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities research analysts predict that Urban Edge Properties will post 1.49 earnings per share for the current year.

Urban Edge Properties Announces Dividend

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

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction that occurred 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 owned 3,665 shares of the company’s stock, valued at $79,237.30. This represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in 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 grew its holdings in shares of Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,307 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Urban Edge Properties in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Urban Edge Properties in the third quarter valued at about $52,000. Finally, State of Wyoming acquired a new stake in shares of Urban Edge Properties in the first quarter valued at about $66,000. 94.94% of the stock is owned by institutional investors and hedge funds.

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.