Urban Edge Properties (NYSE:UE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Urban Edge Properties (NYSE:UE) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.00.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Morgan Stanley increased their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Finally, UBS Group reduced their price objective on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th.

Urban Edge Properties Stock Down 0.2%

Shares of UE opened at $21.25 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $19.78 and a two-hundred day moving average price of $19.80. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 28.33 and a beta of 1.01. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $21.87.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The company had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is currently 101.33%.

Hedge Funds Weigh In On Urban Edge Properties

A number of large investors have recently modified their holdings of UE. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,071 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,307 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Urban Edge Properties during the third quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in shares of Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 593 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Urban Edge Properties by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,306 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Urban Edge Properties

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.