Wall Street Zen Downgrades Urban Edge Properties (NYSE:UE) to Sell

Key Points

• Wall Street Zen downgraded Urban Edge Properties from “Hold” to “Sell,” while the broader analyst consensus remains “Hold” with a $23.25 target price.
• Urban Edge shares opened at $20.57, down 0.6%, with the stock trading below its 50-day and 200-day moving averages and carrying a market capitalization of about $2.6 billion.
• The REIT exceeded quarterly expectations, reporting $0.14 in EPS versus $0.11 expected and $122.78 million in revenue; institutional investors own approximately 94.94% of its shares.

Urban Edge Properties (NYSE:UE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

UE has been the topic of a number of other research reports. Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group lifted 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. Finally, BTIG Research reaffirmed a "buy" rating and set a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties has a consensus rating of "Hold" and a consensus target price of $23.25.

Urban Edge Properties Stock Down 0.6%

Shares of NYSE:UE opened at $20.57 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11. The stock has a market capitalization of $2.60 billion, a P/E ratio of 38.10 and a beta of 0.97. The stock has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $21.81.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current year.

Institutional Investors Weigh In On Urban Edge Properties

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust's stock worth $25,000 after buying an additional 1,071 shares during the period. Global Retirement Partners LLC boosted its position in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 1,307 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Urban Edge Properties during the second quarter valued at about $29,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Urban Edge Properties during the second quarter valued at about $37,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Urban Edge Properties during the third quarter worth about $52,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Company Profile

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.

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