Urban Edge Properties (NYSE:UE) Research Coverage Started at Compass Point

Compass Point assumed coverage on shares of Urban Edge Properties (NYSE:UE) in a report published on Thursday, BenzingaRatingsTable reports. The firm issued a buy rating and a $20.00 price target on the real estate investment trust’s stock.

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

Shares of NYSE UE opened at $17.16 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.74 and a current ratio of 6.74. Urban Edge Properties has a 52 week low of $15.96 and a 52 week high of $23.37. The stock has a market capitalization of $2.05 billion, a P/E ratio of 13.67 and a beta of 0.88. The stock’s fifty day moving average is $16.95 and its 200 day moving average is $18.28.



Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.08). Urban Edge Properties had a return on equity of 8.19% and a net margin of 20.02%. The company had revenue of $102.75 million during the quarter, compared to the consensus estimate of $97.44 million. Equities research analysts forecast that Urban Edge Properties will post 1.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, September 12th. Urban Edge Properties’s payout ratio is 67.18%.

Hedge funds have recently made changes to their positions in the company. Pearl River Capital LLC boosted its stake in shares of Urban Edge Properties by 380.0% during the first quarter. Pearl River Capital LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,900 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Urban Edge Properties during the first quarter valued at about $73,000. NumerixS Investment Technologies Inc boosted its stake in shares of Urban Edge Properties by 98.9% during the first quarter. NumerixS Investment Technologies Inc now owns 9,346 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 4,646 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Urban Edge Properties during the second quarter valued at about $184,000. Finally, Westwood Holdings Group Inc. acquired a new position in shares of Urban Edge Properties in the second quarter worth approximately $254,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Edge Properties

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 87 properties totaling 16.1 million square feet of gross leasable area.

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