Shares of Urban Edge Properties (NYSE:UE – Get Free Report) have earned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.80.
Several brokerages have recently issued reports on UE. UBS Group raised their price target 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, May 18th. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a report on Friday, June 12th.
Read Our Latest Analysis on Urban Edge Properties
Urban Edge Properties Stock Performance
Urban Edge Properties (NYSE:UE – Get Free Report) last announced 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 business had revenue of $132.62 million for 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. On average, research analysts predict that Urban Edge Properties will post 1.49 EPS for the current year.
Urban Edge Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.21 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Urban Edge Properties’s payout ratio is presently 97.67%.
Insider Activity at Urban Edge Properties
In other news, CEO Jeffrey S. Olson sold 161,553 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the transaction, the chief executive officer owned 22,699 shares of the company’s stock, valued at $493,249.27. This represents a 87.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Urban Edge Properties
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its holdings in Urban Edge Properties by 0.6% during the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 535 shares during the last quarter. ProShare Advisors LLC boosted its position in 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. California State Teachers Retirement System increased its stake 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Urban Edge Properties by 12.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,470 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Urban Edge Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 922 shares during the period. 94.94% of the stock is currently owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than Urban Edge Properties
- 2 AI Stocks That Could Benefit as AI Moves Beyond the Data Center
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.
