Evercore ISI Boosts Urban Edge Properties (NYSE:UE) Price Target to $22.00

Key Points

• Evercore ISI raised the target price for Urban Edge Properties (NYSE:UE) from $21.00 to $22.00, indicating a potential upside of 5.04% based on the current stock price.
• Urban Edge Properties reported earnings of $0.36 per share, surpassing analysts' expectations, and has set its FY 2025 guidance at 1.400-1.440 EPS.
• The stock currently has an average rating of "Hold" with a consensus price target of $22.67, reflecting varied analyst opinions on its future performance.

Urban Edge Properties (NYSE:UE - Get Free Report) had its price target upped by analysts at Evercore ISI from $21.00 to $22.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target would indicate a potential upside of 7.77% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen raised Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. BTIG Research began coverage on Urban Edge Properties in a report on Monday, August 11th. They set a "buy" rating and a $23.00 price target for the company. Finally, LADENBURG THALM/SH SH began coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.67.

Urban Edge Properties Price Performance

UE stock traded down $0.35 during midday trading on Monday, reaching $20.41. 374,010 shares of the company's stock traded hands, compared to its average volume of 997,803. The company has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $19.02. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 24.30 and a beta of 1.28. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The firm had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its holdings in Urban Edge Properties by 62.7% during the second quarter. Squarepoint Ops LLC now owns 146,472 shares of the real estate investment trust's stock worth $2,733,000 after acquiring an additional 56,422 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in Urban Edge Properties by 47.2% during the second quarter. Hudson Bay Capital Management LP now owns 1,949,069 shares of the real estate investment trust's stock worth $36,370,000 after acquiring an additional 624,645 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Urban Edge Properties by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 428,710 shares of the real estate investment trust's stock worth $8,000,000 after acquiring an additional 30,866 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Urban Edge Properties by 3.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 284,773 shares of the real estate investment trust's stock valued at $5,317,000 after purchasing an additional 9,428 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Urban Edge Properties by 220.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,657 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 9,400 shares during the period. 94.94% of the stock is currently owned by institutional investors.

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.