Urban Edge Properties (NYSE:UE – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $20.08 and traded as high as $20.72. Urban Edge Properties shares last traded at $20.6450, with a volume of 1,592,140 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on UE shares. UBS Group decreased their target price on shares of Urban Edge Properties from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Sunday, September 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Moderate Buy” and a consensus target price of $22.67.
View Our Latest Analysis on UE
Urban Edge Properties Price Performance
The company has a quick ratio of 1.57, a current ratio of 1.89 and a debt-to-equity ratio of 1.15. The firm has a market cap of $2.61 billion, a PE ratio of 24.87 and a beta of 0.99. The stock has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $21.18.
Urban Edge Properties (NYSE:UE – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.12 by $0.29. The firm had revenue of $119.56 million during the quarter, compared to analyst estimates of $120.49 million. Urban Edge Properties had a net margin of 21.12% and a return on equity of 7.53%. As a group, equities analysts expect that Urban Edge Properties will post 1.53 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. Urban Edge Properties’s dividend payout ratio is presently 101.20%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. lifted its stake in shares of Urban Edge Properties by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 186,996 shares of the real estate investment trust’s stock worth $3,652,000 after buying an additional 773 shares during the period. Signaturefd LLC grew its holdings in shares of Urban Edge Properties by 37.7% during the third quarter. Signaturefd LLC now owns 3,657 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 1,001 shares during the last quarter. James Investment Research Inc. increased its position in shares of Urban Edge Properties by 17.9% in the 3rd quarter. James Investment Research Inc. now owns 18,449 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 2,800 shares during the period. Farther Finance Advisors LLC increased its position in shares of Urban Edge Properties by 20.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,030 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 685 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Urban Edge Properties in the 2nd quarter valued at $443,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Urban Edge Properties Company Profile
Urban Edge Properties (NYSE: UE) is a self-managed real estate investment trust that owns, manages and develops retail and mixed-use properties. Its portfolio is focused primarily on shopping centers anchored by grocery stores and other essential-service retailers, as well as properties serving densely populated communities.
The company’s properties are concentrated in the Washington, DC, and New York metropolitan areas, including locations in the surrounding suburbs. Urban Edge typically seeks to enhance the value of its properties through leasing, redevelopment, property improvements and selective acquisitions or dispositions.
Urban Edge was formed as an independent publicly traded company through a spin-off from Vornado Realty Trust in 2015.
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