Urban Edge Properties (NYSE:UE) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Urban Edge Properties from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $23.67.
• Urban Edge shares opened at $20.00, down 0.5%, with a 52-week range of $18.46 to $24.11 and a market capitalization of approximately $2.52 billion.
• The REIT beat quarterly expectations, reporting $0.14 in earnings per share versus the $0.11 consensus and revenue of $122.78 million versus $117.86 million; institutional investors own 94.94% of its stock.

Urban Edge Properties (NYSE:UE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

UE has been the subject of a number of other reports. Weiss Ratings cut shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. BTIG Research reissued a "buy" rating and issued a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, UBS Group increased their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.67.

Urban Edge Properties Stock Down 0.5%

NYSE UE opened at $20.00 on Friday. The business has a fifty day moving average price of $21.86 and a two-hundred day moving average price of $21.78. The stock has a market capitalization of $2.52 billion, a PE ratio of 37.03 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.The firm had revenue of $122.78 million during the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts expect that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of Urban Edge Properties

Several hedge funds and other institutional investors have recently modified their holdings of UE. Sequoia Financial Advisors LLC bought a new stake in Urban Edge Properties during the second quarter valued at $443,000. Tidal Investments LLC bought a new position in Urban Edge Properties in the 2nd quarter worth about $762,000. Engineers Gate Manager LP purchased a new stake in shares of Urban Edge Properties in the 2nd quarter valued at about $1,021,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Urban Edge Properties in the 2nd quarter valued at about $37,000. Finally, Allworth Financial LP increased its position in shares of Urban Edge Properties by 88.3% in the second quarter. Allworth Financial LP now owns 1,260 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 591 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

About Urban Edge Properties

Urban Edge Properties NYSE: UE is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.