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

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 Tuesday.

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

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock traded up $0.27 during trading on Tuesday, hitting $20.60. 847,239 shares of the stock were exchanged, compared to its average volume of 816,551. The stock has a market cap of $2.58 billion, a PE ratio of 34.91 and a beta of 1.54. The stock’s fifty day moving average is $20.66 and its 200 day moving average is $21.36. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Insider Transactions at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the sale, the chief executive officer now owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UE. Vanguard Group Inc. boosted its stake in Urban Edge Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust’s stock worth $429,187,000 after purchasing an additional 213,478 shares during the period. FMR LLC boosted its position in shares of Urban Edge Properties by 6.0% in the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust’s stock worth $317,070,000 after buying an additional 835,885 shares during the period. State Street Corp grew its holdings in shares of Urban Edge Properties by 2.6% during the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock valued at $149,524,000 after buying an additional 177,745 shares in the last quarter. Geode Capital Management LLC raised its position in Urban Edge Properties by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust’s stock valued at $68,640,000 after buying an additional 82,324 shares during the period. Finally, Jennison Associates LLC lifted its stake in Urban Edge Properties by 6.9% in the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock worth $68,146,000 after acquiring an additional 203,569 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other 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.