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

Key Points

• Analysts have a consensus “Hold” rating on Urban Edge Properties, with four holds and two buys. The average 12-month price target is $23.20, compared with the stock’s reported price of $21.40.
• Urban Edge reported quarterly earnings of $0.14 per share, beating the $0.11 consensus estimate, while revenue of $122.78 million also exceeded expectations.
• The REIT declared a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a 3.9% yield; institutional investors and hedge funds own 94.94% of the stock.

Urban Edge Properties (NYSE:UE - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.20.

Several equities analysts have recently issued reports on UE shares. Weiss Ratings lowered Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group raised their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, BTIG Research reiterated a "buy" rating and issued a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th.

Hedge Funds Weigh In On Urban Edge Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of Urban Edge Properties by 6.9% in the second quarter. GAMMA Investing LLC now owns 7,251 shares of the real estate investment trust's stock valued at $166,000 after buying an additional 471 shares in the last quarter. Amundi raised its holdings in shares of Urban Edge Properties by 0.6% in the 4th quarter. Amundi now owns 86,306 shares of the real estate investment trust's stock worth $1,656,000 after acquiring an additional 535 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Urban Edge Properties by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust's stock valued at $475,000 after purchasing an additional 776 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Urban Edge Properties by 1.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 44,590 shares of the real estate investment trust's stock valued at $1,020,000 after acquiring an additional 800 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Urban Edge Properties by 0.7% during the second quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust's stock valued at $2,100,000 after purchasing an additional 816 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Trading Down 0.1%

Shares of Urban Edge Properties stock opened at $21.40 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 39.63 and a beta of 0.98. The firm's 50-day moving average price is $22.61 and its two-hundred day moving average price is $21.78.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $122.78 million during the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) is presently 155.56%.

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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