Urban Edge Properties (NYSE:UE) Sets New 12-Month High – What’s Next?

Shares of Urban Edge Properties (NYSE:UEGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $24.05 and last traded at $23.7540, with a volume of 649440 shares traded. The stock had previously closed at $23.63.

Analyst Upgrades and Downgrades

UE has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. UBS Group lifted 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. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.40.

View Our Latest Stock Report on UE

Urban Edge Properties Stock Performance

The stock’s 50-day moving average price is $21.73 and its 200-day moving average price is $20.50. The company has a market cap of $2.99 billion, a P/E ratio of 27.62 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

Urban Edge Properties (NYSE:UEGet Free Report) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $132.62 million during the quarter, compared to analysts’ expectations 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 anticipate that Urban Edge Properties will post 1.5 EPS for the current year.

Urban Edge Properties Dividend Announcement

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 given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.5%. Urban Edge Properties’s dividend payout ratio is currently 97.67%.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Edge Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Urban Edge Properties by 30.1% during the first quarter. Bank of America Corp DE now owns 501,655 shares of the real estate investment trust’s stock worth $10,023,000 after purchasing an additional 116,045 shares during the period. Amundi lifted its position in Urban Edge Properties by 24.3% during the first quarter. Amundi now owns 107,268 shares of the real estate investment trust’s stock worth $2,143,000 after purchasing an additional 20,962 shares during the period. California State Teachers Retirement System lifted its position in Urban Edge Properties by 23.3% during the first quarter. California State Teachers Retirement System now owns 148,595 shares of the real estate investment trust’s stock worth $2,969,000 after purchasing an additional 28,067 shares during the period. Resolution Capital Ltd lifted its position in Urban Edge Properties by 74.1% during the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after purchasing an additional 1,677,531 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Urban Edge Properties by 148.9% during the first quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust’s stock worth $3,272,000 after purchasing an additional 97,978 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Company Profile

(Get Free Report)

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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