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

Urban Edge Properties (NYSE:UE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, Evercore ISI decreased their price target on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th.

Urban Edge Properties Stock Down 0.7 %

Shares of NYSE:UE opened at $18.63 on Thursday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 31.58 and a beta of 1.54. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The business has a 50-day moving average price of $20.06 and a 200 day moving average price of $21.24. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Sell-side analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UE. GF Fund Management CO. LTD. purchased a new position in Urban Edge Properties in the 4th quarter valued at approximately $47,000. Quarry LP purchased a new position in Urban Edge Properties in the fourth quarter valued at $49,000. Smartleaf Asset Management LLC grew its stake in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,029 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Urban Edge Properties by 858.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 3,555 shares during the period. Finally, USA Financial Formulas purchased a new stake in Urban Edge Properties during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.