Urban Edge Properties (UE) Rating Increased to Hold at ValuEngine

Urban Edge Properties (NYSE:UE) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st.

Urban Edge Properties stock opened at $21.04 on Wednesday. Urban Edge Properties has a 52 week low of $19.51 and a 52 week high of $26.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 7.69 and a quick ratio of 7.69. The stock has a market cap of $2.31 billion, a P/E ratio of 15.70 and a beta of 0.50.



Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.13. Urban Edge Properties had a return on equity of 7.67% and a net margin of 19.70%. The business had revenue of $101.97 million during the quarter, compared to analysts’ expectations of $98.47 million. As a group, equities research analysts predict that Urban Edge Properties will post 1.28 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Urban Edge Properties by 79.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,934,973 shares of the real estate investment trust’s stock worth $67,123,000 after purchasing an additional 1,297,476 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Urban Edge Properties by 6.5% in the 2nd quarter. BlackRock Inc. now owns 15,162,046 shares of the real estate investment trust’s stock worth $346,756,000 after purchasing an additional 930,572 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Urban Edge Properties by 46.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,689,413 shares of the real estate investment trust’s stock worth $61,507,000 after purchasing an additional 858,396 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Urban Edge Properties by 100.4% in the 2nd quarter. American Century Companies Inc. now owns 586,494 shares of the real estate investment trust’s stock worth $13,413,000 after purchasing an additional 293,769 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Urban Edge Properties in the 2nd quarter worth about $5,668,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Urban Edge Properties Company Profile

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 88 properties totaling 16.3 million square feet of gross leasable area.

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