LADENBURG THALM/SH SH Begins Coverage on Urban Edge Properties (NYSE:UE)

Key Points

• Investment analysts at LADENBURG THALM/SH SH have initiated coverage on Urban Edge Properties, issuing a "neutral" rating and a price target of $23.00, suggesting an 8.77% upside potential.
• BTIG Research has also recently started coverage, giving Urban Edge Properties a "buy" rating with the same price objective of $23.00, while the average rating currently sits at "Hold" with a target price of $22.67.
• Urban Edge Properties reported a quarterly earnings per share (EPS) of $0.36, beating expectations, and has set its FY 2025 EPS guidance between $1.400 and $1.440.

LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties (NYSE:UE - Free Report) in a research report report published on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $23.00 target price on the real estate investment trust's stock.

A number of other analysts also recently issued reports on UE. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. BTIG Research began coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.67.

Urban Edge Properties Stock Down 0.1%

UE stock traded down $0.03 during mid-day trading on Tuesday, hitting $21.18. 819,038 shares of the company were exchanged, compared to its average volume of 1,065,204. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39. The firm has a market cap of $2.66 billion, a P/E ratio of 25.21 and a beta of 1.28. The firm's 50 day simple moving average is $19.91 and its 200 day simple moving average is $19.01. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's payout ratio is presently 90.48%.

Hedge Funds Weigh In On Urban Edge Properties

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Urban Edge Properties by 9.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock worth $671,000 after buying an additional 3,031 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Urban Edge Properties by 307.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock worth $2,152,000 after buying an additional 75,538 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Urban Edge Properties by 1,194.7% during the first quarter. Cubist Systematic Strategies LLC now owns 145,625 shares of the real estate investment trust's stock worth $2,767,000 after buying an additional 134,377 shares during the last quarter. GAMMA Investing LLC increased its holdings in Urban Edge Properties by 1,773.9% during the first quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after buying an additional 55,595 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Urban Edge Properties during the first quarter worth $316,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Urban Edge Properties

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.