StockNews.com Upgrades Urban Edge Properties (NYSE:UE) to “Hold”

Urban Edge Properties (NYSE:UE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Urban Edge Properties Price Performance

Shares of UE opened at $18.02 on Tuesday. The firm has a market cap of $2.14 billion, a PE ratio of 7.83 and a beta of 1.51. The firm’s 50 day moving average price is $17.33 and its 200 day moving average price is $17.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.76 and a current ratio of 1.76. Urban Edge Properties has a twelve month low of $14.36 and a twelve month high of $18.79.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.28). The company had revenue of $109.63 million during the quarter, compared to analyst estimates of $106.38 million. Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. As a group, research analysts expect that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Institutional Trading of Urban Edge Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in UE. GAMMA Investing LLC acquired a new position in shares of Urban Edge Properties in the 4th quarter valued at approximately $61,000. Quadrant Capital Group LLC raised its stake in Urban Edge Properties by 34.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 1,162 shares during the period. Federated Hermes Inc. bought a new stake in Urban Edge Properties in the 4th quarter valued at $115,000. EntryPoint Capital LLC bought a new stake in Urban Edge Properties in the 1st quarter valued at $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Urban Edge Properties in the 4th quarter valued at $183,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Company Profile

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.