Urban Edge Properties (UE) Upgraded at ValuEngine

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Urban Edge Properties (NYSE:UE) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday.

Shares of UE stock traded up $0.69 on Thursday, hitting $19.88. 1,155,412 shares of the stock traded hands, compared to its average volume of 717,877. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 14.84 and a beta of 0.56. Urban Edge Properties has a 52 week low of $18.90 and a 52 week high of $26.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 8.25 and a quick ratio of 8.25.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The firm had revenue of $112.21 million for the quarter, compared to the consensus estimate of $94.49 million. Urban Edge Properties had a net margin of 20.55% and a return on equity of 8.39%. Equities research analysts expect that Urban Edge Properties will post 1.29 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in UE. Bank of New York Mellon Corp increased its holdings in Urban Edge Properties by 79.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,934,973 shares of the real estate investment trust’s stock valued at $67,123,000 after acquiring an additional 1,297,476 shares during the last quarter. FMR LLC increased its holdings in Urban Edge Properties by 19.3% in the 3rd quarter. FMR LLC now owns 6,810,352 shares of the real estate investment trust’s stock valued at $150,371,000 after acquiring an additional 1,101,165 shares during the last quarter. Citadel Advisors LLC increased its holdings in Urban Edge Properties by 2,970.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,121,054 shares of the real estate investment trust’s stock valued at $24,753,000 after acquiring an additional 1,084,548 shares during the last quarter. BlackRock Inc. increased its holdings in Urban Edge Properties by 6.8% in the 3rd quarter. BlackRock Inc. now owns 16,190,364 shares of the real estate investment trust’s stock valued at $357,482,000 after acquiring an additional 1,028,318 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Urban Edge Properties by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 16,165,553 shares of the real estate investment trust’s stock valued at $356,934,000 after acquiring an additional 404,355 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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