Urban Edge Properties (NYSE:UE) Given Consensus Rating of “Hold” by Brokerages

Urban Edge Properties (NYSE:UE) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.94.

UE has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on Urban Edge Properties from $17.25 to $18.75 and gave the stock an “underweight” rating in a report on Friday, June 11th. Zacks Investment Research raised shares of Urban Edge Properties from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday. Wolfe Research started coverage on Urban Edge Properties in a report on Thursday. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Evercore ISI upgraded Urban Edge Properties from an “in-line” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Monday.

In related news, General Counsel Robert C. Milton III sold 3,177 shares of the business’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $18.05, for a total transaction of $57,344.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.40% of the company’s stock.

A number of large investors have recently modified their holdings of UE. Capital Growth Management LP acquired a new position in Urban Edge Properties during the 1st quarter worth approximately $21,146,000. Morgan Stanley lifted its position in Urban Edge Properties by 1,541.7% during the 2nd quarter. Morgan Stanley now owns 1,218,985 shares of the real estate investment trust’s stock worth $23,282,000 after buying an additional 1,144,735 shares in the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in Urban Edge Properties during the second quarter worth about $19,012,000. BlackRock Inc. increased its position in shares of Urban Edge Properties by 5.6% during the 1st quarter. BlackRock Inc. now owns 16,162,340 shares of the real estate investment trust’s stock worth $267,002,000 after purchasing an additional 859,981 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Urban Edge Properties during the 1st quarter worth approximately $12,429,000. 93.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:UE traded up $0.37 during trading on Thursday, hitting $18.12. 640,064 shares of the company traded hands, compared to its average volume of 755,289. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 1.58. The business’s fifty day moving average is $18.63 and its 200-day moving average is $18.57. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 46.46 and a beta of 1.78. Urban Edge Properties has a one year low of $8.99 and a one year high of $20.33.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.15). Urban Edge Properties had a net margin of 12.93% and a return on equity of 4.54%. The firm had revenue of $94.01 million for the quarter, compared to analyst estimates of $89.72 million. On average, analysts forecast that Urban Edge Properties will post 1.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.31%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 68.18%.

About Urban Edge Properties

Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, and management of commercial properties. Its portfolio includes shopping centers, malls, and warehouse parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.

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