Urban Edge Properties (NYSE:UE) Stock Rating Upgraded by StockNews.com

Urban Edge Properties (NYSE:UEGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research raised shares of Urban Edge Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Urban Edge Properties has an average rating of “Hold” and an average price target of $20.94.

Shares of Urban Edge Properties stock opened at $18.93 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 3.67 and a quick ratio of 3.67. Urban Edge Properties has a fifty-two week low of $16.61 and a fifty-two week high of $20.33. The firm has a fifty day moving average price of $18.83 and a two-hundred day moving average price of $18.53. The company has a market cap of $2.22 billion, a PE ratio of 23.96 and a beta of 1.52.

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 for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. Urban Edge Properties had a net margin of 21.47% and a return on equity of 8.99%. The firm had revenue of $128.58 million during the quarter, compared to the consensus estimate of $94.98 million. During the same period in the prior year, the firm earned $0.23 EPS. Analysts expect that Urban Edge Properties will post 1.19 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Urban Edge Properties in the first quarter valued at about $388,000. Point72 Hong Kong Ltd acquired a new position in shares of Urban Edge Properties in the first quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new position in shares of Urban Edge Properties in the first quarter valued at approximately $47,000. Goldman Sachs Group Inc. increased its position in Urban Edge Properties by 4.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 564,965 shares of the real estate investment trust’s stock valued at $10,791,000 after purchasing an additional 21,491 shares during the period. Finally, State Street Corp increased its position in Urban Edge Properties by 18.1% during the 1st quarter. State Street Corp now owns 6,993,442 shares of the real estate investment trust’s stock valued at $133,575,000 after purchasing an additional 1,074,039 shares during the period. Institutional investors own 94.09% 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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