Urban Edge Properties (NYSE:UE) Sets New 52-Week High – Here’s Why

Urban Edge Properties (NYSE:UE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.26 and last traded at $22.28, with a volume of 567714 shares trading hands. The stock had previously closed at $21.97.

Analyst Ratings Changes

UE has been the subject of several recent analyst reports. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group lifted their price objective 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. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Trading Up 1.9%

The stock has a market cap of $2.82 billion, a PE ratio of 26.03 and a beta of 0.99. The stock has a 50-day moving average price of $21.08 and a two-hundred day moving average price of $20.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The company had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Sell-side analysts forecast that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is 97.67%.

Insider Activity at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 161,553 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the transaction, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This trade represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors have recently bought and sold shares of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Urban Edge Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Urban Edge Properties by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after acquiring an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new stake in Urban Edge Properties during the first quarter worth approximately $5,076,000. New York State Common Retirement Fund raised its position in Urban Edge Properties by 15.1% during the second quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 5,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Urban Edge Properties by 21.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock valued at $6,537,000 after purchasing an additional 62,820 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.