Urban Edge Properties (NYSE:UE – Get Free Report) has received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.40.
Several research firms recently commented on UE. UBS Group boosted 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 note on Monday. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th.
Urban Edge Properties Price Performance
Urban Edge Properties (NYSE:UE – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $132.62 million during the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities analysts predict that Urban Edge Properties will post 1.5 earnings per share 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s payout ratio is 97.67%.
Insider Activity at Urban Edge Properties
In related 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 through this link. 2.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of UE. Allianz Asset Management GmbH increased its stake in shares of Urban Edge Properties by 65.9% in the third quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock worth $2,443,000 after acquiring an additional 47,393 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Urban Edge Properties by 229.6% in the third quarter. Tudor Investment Corp ET AL now owns 72,468 shares of the real estate investment trust’s stock worth $1,483,000 after acquiring an additional 50,479 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Urban Edge Properties by 215.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 112,540 shares of the real estate investment trust’s stock worth $2,304,000 after acquiring an additional 76,827 shares during the period. American Century Companies Inc. increased its stake in shares of Urban Edge Properties by 44.4% in the third quarter. American Century Companies Inc. now owns 1,320,089 shares of the real estate investment trust’s stock worth $27,022,000 after acquiring an additional 405,723 shares during the period. Finally, Bayhunt Capital LLC acquired a new stake in shares of Urban Edge Properties in the fourth quarter worth $10,430,000. 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.
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