Urban Edge Properties (NYSE:UE) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of Urban Edge Properties (NYSE:UE) from a hold rating to a sell rating in a research report report published on Thursday morning.

Urban Edge Properties Trading Up 1.6 %

NYSE:UE opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.76 and a quick ratio of 1.76. Urban Edge Properties has a fifty-two week low of $14.36 and a fifty-two week high of $20.16. The stock’s 50-day moving average is $18.22 and its two-hundred day moving average is $17.46. The stock has a market cap of $2.35 billion, a PE ratio of 8.58 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.28). Urban Edge Properties had a net margin of 63.27% and a return on equity of 24.36%. The business had revenue of $109.63 million for the quarter, compared to analysts’ expectations of $106.38 million. As a group, equities research analysts forecast that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 3.44%. Urban Edge Properties’s dividend payout ratio is 29.57%.

Institutional Investors Weigh In On Urban Edge Properties

Several institutional investors have recently made changes to their positions in UE. Raymond James & Associates acquired a new stake in shares of Urban Edge Properties during the 4th quarter valued at about $365,000. Asset Management One Co. Ltd. lifted its holdings in shares of Urban Edge Properties by 0.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 183,314 shares of the real estate investment trust’s stock valued at $3,421,000 after buying an additional 1,126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Urban Edge Properties by 5.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,666 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 2,841 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Urban Edge Properties by 1,210.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 270,253 shares of the real estate investment trust’s stock worth $4,946,000 after purchasing an additional 249,635 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in Urban Edge Properties in the 4th quarter worth approximately $404,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.