Urban Edge Properties (NYSE:UE) Reaches New 1-Year High – Still a Buy?

Urban Edge Properties (NYSE:UE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $22.63 and last traded at $22.58, with a volume of 984683 shares trading hands. The stock had previously closed at $22.28.

Analyst Upgrades and Downgrades

UE has been the subject of a number of 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 increased their target price on shares of Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.40.

Urban Edge Properties Price Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.26 and a beta of 0.99. The stock’s 50 day simple moving average is $21.22 and its 200-day simple moving average is $20.20.

Urban Edge Properties (NYSE:UE) last issued its quarterly 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. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities research analysts anticipate that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business 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 dividend of $0.21 per share. The ex-dividend date is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Urban Edge Properties’s dividend payout ratio is presently 97.67%.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 in the company, valued at approximately $493,249.27. This represents a 87.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UE. Wellington Management Group LLP acquired a new position in Urban Edge Properties during the 3rd quarter valued at approximately $92,600,000. Jennison Associates LLC increased its stake in shares of Urban Edge Properties by 72.2% in the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after acquiring an additional 1,923,202 shares during the period. Resolution Capital Ltd increased its stake in shares of Urban Edge Properties by 74.1% in 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 acquiring an additional 1,677,531 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Urban Edge Properties in the fourth quarter worth $16,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Urban Edge Properties in the fourth quarter worth $12,777,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.