Urban Edge Properties (NYSE:UE) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Urban Edge Properties has received a consensus rating of "Hold" from analysts, with three holding and two buying recommendations.
• The average one-year price target for Urban Edge Properties is $22.25, following recent updates from multiple research firms.
• The company recently declared a quarterly dividend of $0.19 per share, representing an annualized yield of 3.8% and a payout ratio of 90.48%.

Urban Edge Properties (NYSE:UE - Get Free Report) has been assigned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.25.

Several equities analysts have recently issued reports on UE shares. BTIG Research started coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price target for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Urban Edge Properties in a research note on Saturday, September 27th. Evercore ISI upped their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley upped their target price on shares of Urban Edge Properties from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 24th.

Urban Edge Properties Price Performance

Shares of NYSE:UE traded down $0.02 during trading on Friday, reaching $20.07. The stock had a trading volume of 541,836 shares, compared to its average volume of 990,762. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The business's 50-day moving average price is $20.24 and its 200 day moving average price is $19.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.39. The stock has a market capitalization of $2.52 billion, a PE ratio of 23.89 and a beta of 1.26.

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

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 3.8%. Urban Edge Properties's payout ratio is 90.48%.

Institutional Investors Weigh In On Urban Edge Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 3,031 shares during the period. Intech Investment Management LLC increased its holdings in shares of Urban Edge Properties by 41.3% during the first quarter. Intech Investment Management LLC now owns 101,897 shares of the real estate investment trust's stock worth $1,936,000 after purchasing an additional 29,808 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of 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 purchasing an additional 134,377 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Urban Edge Properties during the 1st quarter worth approximately $1,900,000. Finally, GAMMA Investing LLC boosted its position in shares of Urban Edge Properties by 1,773.9% during the 1st quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after acquiring an additional 55,595 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

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.

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