Urban Edge Properties (NYSE:UE) Stock Rating Upgraded by Wall Street Zen

Urban Edge Properties (NYSE:UE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Several other analysts also recently issued reports on UE. UBS Group boosted their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, Weiss Ratings downgraded Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

Urban Edge Properties Stock Performance

Shares of UE opened at $20.01 on Friday. The company has a 50-day moving average of $21.80 and a two-hundred day moving average of $21.78. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 37.06 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. Urban Edge Properties has a one year low of $18.46 and a one year high of $24.11.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities research analysts expect that Urban Edge Properties will post 1.52 earnings per share for the current year.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Urban Edge Properties in the second quarter worth $443,000. Tidal Investments LLC acquired a new stake in Urban Edge Properties during the second quarter valued at $762,000. Engineers Gate Manager LP acquired a new stake in Urban Edge Properties during the second quarter valued at $1,021,000. Integrated Wealth Concepts LLC acquired a new stake in Urban Edge Properties during the second quarter valued at $37,000. Finally, Allworth Financial LP grew its stake in Urban Edge Properties by 88.3% in the second quarter. Allworth Financial LP now owns 1,260 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 591 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Company Profile

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.