StockNews.com Downgrades Urban Edge Properties (NYSE:UE) to Sell

Urban Edge Properties (NYSE:UE) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock opened at $18.33 on Wednesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 31.06 and a beta of 1.54. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $20.33 and its two-hundred day moving average is $21.36.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Urban Edge Properties

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Urban Edge Properties by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust’s stock valued at $429,187,000 after acquiring an additional 213,478 shares during the period. FMR LLC lifted its holdings in 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 valued at $317,070,000 after acquiring an additional 835,885 shares during the period. State Street Corp lifted its holdings in Urban Edge Properties by 2.6% in 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 acquiring an additional 177,745 shares during the period. Geode Capital Management LLC lifted its holdings in Urban Edge Properties by 2.6% in 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 acquiring an additional 82,324 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Urban Edge Properties by 6.9% in the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock valued at $68,146,000 after acquiring an additional 203,569 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

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.