Urban Edge Properties (NYSE:UE) Upgraded by Zacks Investment Research to “Hold”

Urban Edge Properties (NYSE:UEGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States. “

Separately, StockNews.com assumed coverage on shares of Urban Edge Properties in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.94.

Urban Edge Properties stock traded up $0.27 during midday trading on Tuesday, reaching $19.50. The stock had a trading volume of 15,293 shares, compared to its average volume of 1,123,448. Urban Edge Properties has a 52-week low of $16.61 and a 52-week high of $20.33. The stock has a fifty day simple moving average of $18.54. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 22.15 and a beta of 1.62. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.52 and a current ratio of 3.52.

Urban Edge Properties (NYSE:UEGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.09. The firm had revenue of $128.58 million during the quarter, compared to analyst estimates of $94.98 million. Urban Edge Properties had a return on equity of 10.11% and a net margin of 24.16%. During the same period last year, the company earned $0.23 EPS. On average, equities analysts forecast that Urban Edge Properties will post 1.2 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC raised its holdings in shares of Urban Edge Properties by 115.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 977 shares in the last quarter. Allegheny Financial Group LTD bought a new position in shares of Urban Edge Properties during the fourth quarter valued at approximately $41,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Urban Edge Properties by 159.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,341 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,438 shares during the period. Van ECK Associates Corp raised its stake in Urban Edge Properties by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,399 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 729 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Urban Edge Properties by 31.3% during the third quarter. Advisor Group Holdings Inc. now owns 5,336 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,273 shares during the period. Institutional investors own 94.14% of the company’s stock.

Urban Edge Properties Company Profile (Get Rating)

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 78 properties totaling 15.1 million square feet of gross leasable area.

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