Urban Edge Properties (NYSE:UE) Rating Lowered to Sell at Wall Street Zen

Urban Edge Properties (NYSE:UE) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts also recently commented on the stock. UBS Group boosted their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.25.

Urban Edge Properties Trading Up 0.0%

NYSE:UE opened at $20.57 on Friday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 38.10 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The business has a fifty day moving average of $22.12 and a 200-day moving average of $21.82. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The company had revenue of $122.78 million during the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts predict that Urban Edge Properties will post 1.52 earnings per share for the current year.

Institutional Investors Weigh In On Urban Edge Properties

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Urban Edge Properties by 2,108.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,307 shares in the last quarter. Allworth Financial LP acquired a new position in Urban Edge Properties during the second quarter worth $29,000. Integrated Wealth Concepts LLC acquired a new position in Urban Edge Properties during the second quarter worth $37,000. Finally, CIBC Private Wealth Group LLC bought a new position in Urban Edge Properties during the third quarter valued at about $52,000. Institutional investors own 94.94% of the company’s stock.

About Urban Edge Properties

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.