Urban Edge Properties (NYSE:UE) Given Average Recommendation of “Hold” by Brokerages

Urban Edge Properties (NYSE:UE) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of equities research analysts have recently weighed in on UE shares. Morgan Stanley raised their price objective on shares of Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. BTIG Research began coverage on Urban Edge Properties in a research note on Monday, August 11th. They issued a “buy” rating and a $23.00 price target on the stock. Evercore ISI lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. UBS Group began coverage on Urban Edge Properties in a report on Friday, October 24th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd.

Institutional Investors Weigh In On Urban Edge Properties

Several hedge funds and other institutional investors have recently bought and sold shares of UE. EverSource Wealth Advisors LLC boosted its stake in Urban Edge Properties by 426.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,071 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Urban Edge Properties in the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC grew its stake in Urban Edge Properties by 45.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 593 shares during the last quarter. Hantz Financial Services Inc. increased its position in Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,306 shares during the period. Finally, CWM LLC increased its position in Urban Edge Properties by 50.3% during the second quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,169 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

UE stock opened at $19.06 on Friday. The business’s 50-day moving average is $19.71 and its two-hundred day moving average is $19.41. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market capitalization of $2.40 billion, a P/E ratio of 21.41 and a beta of 1.25. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.60.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. The firm had revenue of $120.13 million for the quarter, compared to analyst estimates of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 4.0%. Urban Edge Properties’s dividend payout ratio is presently 85.39%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.