Urban Edge Properties (NYSE:UE) Now Covered by LADENBURG THALM/SH SH

Key Points

• Investment analysts at LADENBURG THALM/SH SH have initiated coverage on Urban Edge Properties, issuing a "neutral" rating and a price target of $23.00, suggesting an 8.77% upside potential.
• BTIG Research has also recently started coverage, giving Urban Edge Properties a "buy" rating with the same price objective of $23.00, while the average rating currently sits at "Hold" with a target price of $22.67.
• Urban Edge Properties reported a quarterly earnings per share (EPS) of $0.36, beating expectations, and has set its FY 2025 EPS guidance between $1.400 and $1.440.

Investment analysts at LADENBURG THALM/SH SH assumed coverage on shares of Urban Edge Properties (NYSE:UE - Get Free Report) in a report issued on Tuesday, MarketBeat reports. The brokerage set a "neutral" rating and a $23.00 price target on the real estate investment trust's stock. LADENBURG THALM/SH SH's target price indicates a potential upside of 8.77% from the stock's previous close.

A number of other research analysts have also commented on UE. BTIG Research started coverage on Urban Edge Properties in a report on Monday, August 11th. They set a "buy" rating and a $23.00 price objective on the stock. Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.67.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $21.15 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.39. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The stock's 50-day moving average is $19.73 and its two-hundred day moving average is $18.98. The firm has a market cap of $2.66 billion, a P/E ratio of 25.17 and a beta of 1.28.

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

Hedge Funds Weigh In On Urban Edge Properties

Several hedge funds and other institutional investors have recently modified their holdings of UE. EverSource Wealth Advisors LLC lifted its position in shares of 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. GF Fund Management CO. LTD. bought a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $47,000. CWM LLC lifted its position in shares of Urban Edge Properties by 50.3% during the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust's stock worth $65,000 after buying an additional 1,169 shares during the period. MAI Capital Management bought a new position in shares of Urban Edge Properties during the 2nd quarter worth approximately $66,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $79,000. Institutional investors own 94.94% of the company's stock.

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.

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