Urban Edge Properties' (UE) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Urban Edge Properties' stock has been given a "Buy (B-)" rating by Weiss Ratings, reinforcing investor confidence.
• The company's recent quarterly earnings surpassed consensus estimates with earnings per share of $0.36, although revenue fell short of expectations at $113.91 million.
• Current analysts' ratings indicate a mixed sentiment with an average target price of $22.25, encompassing two "Buy" and three "Hold" ratings.

Urban Edge Properties (NYSE:UE - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. LADENBURG THALM/SH SH initiated coverage on Urban Edge Properties in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $23.00 target price on the stock. 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. Morgan Stanley upped their price target on shares of Urban Edge Properties from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 24th. BTIG Research initiated coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They set a "buy" rating and a $23.00 price target for the company. Finally, Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Urban Edge Properties has an average rating of "Hold" and an average target price of $22.25.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock traded down $0.06 during trading on Wednesday, hitting $19.61. The stock had a trading volume of 403,172 shares, compared to its average volume of 983,245. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 23.35 and a beta of 1.26. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The business's 50-day moving average is $20.25 and its 200 day moving average is $19.11. 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 released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $113.91 million for the quarter, compared to analysts' expectations 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. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On Urban Edge Properties

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Urban Edge Properties by 15.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,635 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 891 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Urban Edge Properties during the 2nd quarter worth $297,000. Squarepoint Ops LLC boosted its stake in shares of Urban Edge Properties by 62.7% during the 2nd 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 during the last quarter. Hudson Bay Capital Management LP boosted its stake in shares of Urban Edge Properties by 47.2% during the 2nd 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 during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Urban Edge Properties by 7.8% during the 2nd 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 during the last quarter. 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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