Urban Edge Properties (UE) Sees Unusually-High Trading Volume
Urban Edge Properties (NYSE:UE) shares saw unusually-high trading volume on Friday . Approximately 574,230 shares changed hands during trading, an increase of 27% from the previous session’s volume of 451,190 shares.The stock last traded at $29.12 and had previously closed at $28.62.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, May 10th. Credit Suisse Group AG lowered shares of Urban Edge Properties from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $27.00 to $28.00 in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.00.
The company’s 50-day moving average price is $29.19 and its 200-day moving average price is $27.13. The company has a market cap of $2.90 billion and a PE ratio of 34.46.
Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers.