Shares of Urban Edge Properties (NYSE:UE – Get Free Report) have earned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.40.
A number of research firms have weighed in on UE. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. 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 report on Monday, May 18th.
Get Our Latest Analysis on Urban Edge Properties
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH grew 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 valued at $2,443,000 after buying an additional 47,393 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Urban Edge Properties by 229.6% during 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 buying an additional 50,479 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Urban Edge Properties by 215.1% during 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 in the last quarter. American Century Companies Inc. lifted its stake in 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 valued at $27,022,000 after acquiring an additional 405,723 shares during the last quarter. Finally, Strs Ohio lifted its stake in Urban Edge Properties by 342.0% in the fourth quarter. Strs Ohio now owns 102,100 shares of the real estate investment trust’s stock valued at $1,959,000 after acquiring an additional 79,000 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.
Urban Edge Properties Price Performance
Shares of NYSE UE opened at $23.65 on Wednesday. The firm has a market cap of $2.98 billion, a PE ratio of 27.50 and a beta of 0.98. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. Urban Edge Properties has a 1-year low of $18.14 and a 1-year high of $23.81. The company has a fifty day moving average price of $21.66 and a 200 day moving average price of $20.47.
Urban Edge Properties (NYSE:UE – Get Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping 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 firm 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. Research analysts predict that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.
Urban Edge Properties Announces Dividend
The firm also recently declared 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 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s payout ratio is presently 97.67%.
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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