Urban Edge Properties (NYSE:UE) Upgraded at Wall Street Zen

Key Points

• Urban Edge Properties has been upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen, indicating a more favorable outlook for the company.
• For the last quarter, Urban Edge reported an earnings per share (EPS) of $0.36, surpassing analysts' expectations of $0.34.
• Institutional investors have significantly increased their stakes in Urban Edge Properties, with Vanguard Group growing its position by 1.7% and FMR LLC by 6.0%.

Urban Edge Properties (NYSE:UE - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $19.07 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average price of $18.86 and a 200-day moving average price of $19.04. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The firm has a market capitalization of $2.40 billion, a PE ratio of 22.70 and a beta of 1.24.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. As a group, equities research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Insider Transactions at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Urban Edge Properties by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust's stock valued at $385,698,000 after acquiring an additional 337,717 shares during the period. FMR LLC lifted its position in Urban Edge Properties by 6.0% during the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock valued at $317,070,000 after purchasing an additional 835,885 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Urban Edge Properties by 35.4% during the first quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust's stock valued at $74,961,000 after purchasing an additional 1,031,587 shares during the period. Jennison Associates LLC increased its position in Urban Edge Properties by 2.6% in the second quarter. Jennison Associates LLC now owns 3,277,304 shares of the real estate investment trust's stock worth $61,154,000 after buying an additional 84,256 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Urban Edge Properties by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock worth $68,640,000 after buying an additional 82,324 shares during the period. 94.94% of the stock is currently owned by 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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