Urban Edge Properties (NYSE:UE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley increased its price target for Urban Edge Properties from $20.00 to $21.00, suggesting a potential upside of 4.79% based on the current stock price.
• The stock has received mixed ratings from analysts, with one Buy, three Hold, and a consensus average price target of $22.25.
• Urban Edge Properties reported earnings of $0.36 per share for the last quarter, exceeding expectations, with a revenue of $113.91 million.

Urban Edge Properties (NYSE:UE - Get Free Report) had its price objective raised by equities researchers at Morgan Stanley from $20.00 to $21.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Morgan Stanley's target price indicates a potential upside of 4.79% from the stock's current price.

A number of other research firms have also recently issued reports on UE. LADENBURG THALM/SH SH initiated coverage on shares of Urban Edge Properties in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $23.00 target price for the company. Evercore ISI increased their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. BTIG Research began coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They issued a "buy" rating and a $23.00 price target on the stock. Finally, Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.25.

Urban Edge Properties Stock Performance

Shares of UE traded down $0.34 during trading hours on Wednesday, reaching $20.04. 70,117 shares of the company's stock traded hands, compared to its average volume of 996,186. The business's fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $19.02. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.81 and a beta of 1.28. 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 twelve month low of $15.66 and a twelve month high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued 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 net margin of 22.86% and a return on equity of 7.74%. The company had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. 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 year.

Institutional Trading of Urban Edge Properties

Several hedge funds have recently added to or reduced their stakes in UE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Urban Edge Properties by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 813,608 shares of the real estate investment trust's stock valued at $17,493,000 after purchasing an additional 30,687 shares during the period. Mackenzie Financial Corp increased its stake in shares of Urban Edge Properties by 115.6% in the 4th quarter. Mackenzie Financial Corp now owns 41,980 shares of the real estate investment trust's stock valued at $903,000 after purchasing an additional 22,512 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in Urban Edge Properties by 21.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 68,798 shares of the real estate investment trust's stock worth $1,479,000 after acquiring an additional 12,098 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Urban Edge Properties by 25.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,269 shares of the real estate investment trust's stock valued at $694,000 after purchasing an additional 6,567 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Urban Edge Properties by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 113,836 shares of the real estate investment trust's stock worth $2,447,000 after acquiring an additional 1,158 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.