Urban Edge Properties (UE) Upgraded at ValuEngine

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

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

Shares of NYSE:UE traded up $0.69 on Thursday, reaching $19.88. The company’s stock had a trading volume of 1,155,412 shares, compared to its average volume of 717,877. Urban Edge Properties has a 52-week low of $18.90 and a 52-week high of $26.19. The stock has a market capitalization of $2.19 billion, a P/E ratio of 14.84 and a beta of 0.56. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 1.52.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Urban Edge Properties had a net margin of 20.55% and a return on equity of 8.39%. The business had revenue of $112.21 million during the quarter, compared to analysts’ expectations of $94.49 million. On average, analysts expect that Urban Edge Properties will post 1.29 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Urban Edge Properties by 6.8% during the 3rd quarter. BlackRock Inc. now owns 16,190,364 shares of the real estate investment trust’s stock worth $357,482,000 after purchasing an additional 1,028,318 shares during the period. Vanguard Group Inc. boosted its stake in shares of Urban Edge Properties by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,165,553 shares of the real estate investment trust’s stock worth $356,934,000 after purchasing an additional 404,355 shares during the period. FMR LLC boosted its stake in shares of Urban Edge Properties by 19.3% during the 3rd quarter. FMR LLC now owns 6,810,352 shares of the real estate investment trust’s stock worth $150,371,000 after purchasing an additional 1,101,165 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Urban Edge Properties by 11.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,983,946 shares of the real estate investment trust’s stock worth $65,886,000 after purchasing an additional 294,533 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Urban Edge Properties by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,977,645 shares of the real estate investment trust’s stock worth $65,745,000 after purchasing an additional 42,672 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.

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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