Urban Edge Properties (UE) Receives Average Recommendation of “Hold” from Analysts

Urban Edge Properties (NYSE:UE) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.00.

A number of brokerages recently weighed in on UE. Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, June 8th. ValuEngine downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.

A number of institutional investors and hedge funds have recently modified their holdings of UE. Wells Fargo & Company MN increased its holdings in Urban Edge Properties by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 253,119 shares of the real estate investment trust’s stock worth $6,452,000 after buying an additional 42,185 shares during the last quarter. Geode Capital Management LLC increased its holdings in Urban Edge Properties by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 1,060,776 shares of the real estate investment trust’s stock worth $27,039,000 after buying an additional 35,264 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Urban Edge Properties during the fourth quarter worth $2,006,000. Thrivent Financial For Lutherans increased its holdings in Urban Edge Properties by 8.0% during the fourth quarter. Thrivent Financial For Lutherans now owns 60,702 shares of the real estate investment trust’s stock worth $1,547,000 after buying an additional 4,501 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its holdings in Urban Edge Properties by 89.1% during the fourth quarter. AMP Capital Investors Ltd now owns 31,213 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 14,703 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of UE stock opened at $22.84 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 8.17 and a current ratio of 8.17. The firm has a market capitalization of $2.60 billion, a PE ratio of 17.04 and a beta of 0.52. Urban Edge Properties has a 12 month low of $19.51 and a 12 month high of $26.19.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The business had revenue of $99.05 million during the quarter, compared to the consensus estimate of $97.75 million. Urban Edge Properties had a return on equity of 3.82% and a net margin of 9.78%. analysts anticipate that Urban Edge Properties will post 1.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. Urban Edge Properties’s payout ratio is 65.67%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 90 properties totaling 16.7 million square feet of gross leasable area.

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