Urban Edge Properties (NYSE:UE) Lifted 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 research report issued to clients and investors on Thursday.

Urban Edge Properties Stock Down 0.7 %

NYSE:UE opened at $18.28 on Thursday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 7.95 and a beta of 1.54. Urban Edge Properties has a 1-year low of $14.36 and a 1-year high of $18.79. The company’s fifty day moving average price is $17.51 and its 200-day moving average price is $17.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.76 and a quick ratio of 1.76.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). The company had revenue of $109.63 million during the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that Urban Edge Properties will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UE. GAMMA Investing LLC acquired a new stake in Urban Edge Properties during the 4th quarter worth $61,000. Quadrant Capital Group LLC boosted its position in Urban Edge Properties by 34.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 1,162 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Urban Edge Properties during the 4th quarter valued at about $115,000. EntryPoint Capital LLC acquired a new stake in Urban Edge Properties in the 1st quarter valued at about $171,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Urban Edge Properties in the 4th quarter worth approximately $183,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.