Evercore ISI Issues Positive Forecast for Urban Edge Properties (NYSE:UE) Stock Price

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 target price upped by equities research 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 objective would indicate a potential upside of 5.04% from the stock's current price.

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

Urban Edge Properties Trading Down 0.2%

Shares of NYSE UE traded down $0.04 during mid-day trading on Monday, reaching $20.95. The company had a trading volume of 178,562 shares, compared to its average volume of 995,513. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.93 and a beta of 1.28. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The business's 50-day moving average is $19.91 and its 200-day moving average is $19.00. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On Urban Edge Properties

Several institutional investors and hedge funds have recently bought and sold shares of UE. BNP Paribas Financial Markets increased its position in shares of Urban Edge Properties by 124.1% during the fourth quarter. BNP Paribas Financial Markets now owns 73,470 shares of the real estate investment trust's stock worth $1,580,000 after purchasing an additional 40,689 shares in the last quarter. Deutsche Bank AG increased its position in Urban Edge Properties by 28.5% during the 4th quarter. Deutsche Bank AG now owns 158,713 shares of the real estate investment trust's stock valued at $3,412,000 after buying an additional 35,234 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Urban Edge Properties by 307.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after buying an additional 75,538 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Urban Edge Properties by 8.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,680 shares of the real estate investment trust's stock valued at $1,541,000 after buying an additional 5,690 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Urban Edge Properties by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 1,685,151 shares of the real estate investment trust's stock worth $36,231,000 after acquiring an additional 253,278 shares in the last quarter. 94.94% 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 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.

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