Urban Edge Properties (NYSE:UE – Get Free Report ) was downgraded by equity research staff at StockNews.com from a “hold” rating to a “sell” rating in a report issued to investors on Thursday.
Price Performance for Urban Edge Properties
UE shares opened trading at $19.74 on Thursday. Urban Edge Properties has a 12-month low of $14.36 and a 12-month high of $20.16. The company has a market capitalization of $2.35 billion, a P/E ratio of 8.58 and a beta of 1.54. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $17.45. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.25.
Urban Edge Properties (NYSE:UE – Get free report ) released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). The business had revenue of $109.63 million for the quarter, missing analysts’ consensus estimates of $106.38 million. Urban Edge Properties had an ROE of 24.36% and a net margin of 63.27%. Equity analysts expect Urban Edge Properties to post EPS of 1.31 for the year.
Hedge Funds Enter Urban Edge Properties
Several hedge funds and other institutional investors recently modified their holdings of the stock. Allspring Global Investments Holdings increased its holdings in Urban Edge Properties by 29.6% in the second quarter. Allspring Global Investments Holdings now owns 32,843 shares of the real estate investment trust’s stock, valued at $607,000, after purchasing an additional 7,501 shares during the period. Louisiana State Employees Retirement System increased its holdings in Urban Edge Properties by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust’s stock, valued at $1,105,000, after purchasing an additional 1,500 shares during the period. Price T. Rowe Associates & Co. increased its holdings in Urban Edge Properties by 5.6% in the first quarter. Price T. Rowe Associates Inc. now owns 121,394 shares of the real estate investment trust’s stock valued at $2,097,000 after purchasing an additional 6,479 shares during the period. Westwood Holdings Group increased its holdings in Urban Edge Properties by 12.7% during the first quarter. Westwood Holdings Group now owns 4,572,054 shares of the real estate investment trust’s stock valued at $78,959,000 after purchasing an additional 516,317 shares during the period. Finally, Entry Point Capital Inc. purchased a new stake in Urban Edge Properties in the first quarter valued at approximately $171,000. Institutional investors own 94.94% of the company’s stock.
About Urban Edge Properties
(Get your free report)
Urban Edge Properties is a New York Stock Exchange listed real estate investment trust focused on owning, managing, acquiring, developing and redeveloping retail real estate primarily in urban areas from Washington, DC to Boston. Urban Edge owns 76 properties with a total rentable area of 17.1 million square feet.
reference
Get Urban Edge Properties News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Urban Edge Properties and its affiliates every day with MarketBeat.com’s free email newsletter.
