Urban Edge Properties (NYSE:UE) Hits New 1-Year High - Here's Why

Key Points

• Shares hit a new 52-week high — Urban Edge traded as high as $21.88 (last $21.84) on Friday, with a market cap of $2.75 billion and 50- and 200-day SMAs at $20.70 and $19.84 respectively.
• Quarterly results mixed — UE reported $0.10 EPS versus $0.36 expected (a miss) while revenue of $119.56M beat estimates, and the company set FY2026 guidance of $1.470–1.520 per share (analysts forecast ~1.4 EPS).
• Dividend increased but payout is high — The quarterly dividend was raised to $0.21 ($0.84 annual, ~3.8% yield), though the payout ratio is 112%, suggesting limited coverage from earnings.

Shares of Urban Edge Properties (NYSE:UE - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $21.88 and last traded at $21.84, with a volume of 37522 shares. The stock had previously closed at $21.76.

Analyst Upgrades and Downgrades

Several analysts recently commented 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, February 26th. Morgan Stanley lifted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Monday, January 5th. Finally, UBS Group reduced their target price on shares of Urban Edge Properties from $21.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties presently has a consensus rating of "Hold" and an average target price of $22.00.

Urban Edge Properties Stock Up 0.5%

The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $2.75 billion, a P/E ratio of 29.15 and a beta of 1.02. The stock's fifty day simple moving average is $20.70 and its 200-day simple moving average is $19.84.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $119.56 million during the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.19. Urban Edge Properties's payout ratio is presently 112.00%.

Institutional Trading of Urban Edge Properties

A number of institutional investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Urban Edge Properties by 1.3% during the 2nd quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust's stock worth $137,984,000 after acquiring an additional 92,101 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Urban Edge Properties by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust's stock worth $88,395,000 after acquiring an additional 82,594 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Urban Edge Properties by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,284,098 shares of the real estate investment trust's stock worth $63,032,000 after acquiring an additional 14,361 shares during the period. Jennison Associates LLC lifted its holdings in shares of Urban Edge Properties by 3.7% during the 4th quarter. Jennison Associates LLC now owns 2,662,054 shares of the real estate investment trust's stock worth $51,085,000 after acquiring an additional 95,007 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Edge Properties by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,514,205 shares of the real estate investment trust's stock worth $48,248,000 after acquiring an additional 104,973 shares during the period. Institutional investors own 94.94% of the company's stock.

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.

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