Urban Edge Properties Stock Forecast, Price & News

Urban Edge Properties' stock was trading at $14.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UE shares have decreased by 31.3% and is now trading at $10.27.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Urban Edge Properties in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Urban Edge Properties is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Urban Edge Properties (NYSE:UE) announced its earnings results on Thursday, August, 6th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.16. The real estate investment trust earned $73.62 million during the quarter, compared to analysts' expectations of $78.73 million. Urban Edge Properties had a net margin of 38.87% and a return on equity of 13.51%.
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Urban Edge Properties declared a quarterly dividend on Friday, February 21st. Investors of record on Monday, March 16th will be given a dividend of $0.22 per share on Tuesday, March 31st. This represents a $0.88 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date is Friday, March 13th.
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3 equities research analysts have issued 12-month price objectives for Urban Edge Properties' shares. Their forecasts range from $9.80 to $13.00. On average, they expect Urban Edge Properties' share price to reach $11.60 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
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Urban Edge Properties saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,400,000 shares, an increase of 9.1% from the August 15th total of 2,200,000 shares. Based on an average daily volume of 942,500 shares, the short-interest ratio is presently 2.5 days. Approximately 2.1% of the company's shares are sold short.
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Some companies that are related to Urban Edge Properties include Terreno Realty (TRNO), Hudson Pacific Properties (HPP), NEW WORLD DEV L/ADR (NDVLY), Innovative Industrial Properties (IIPR), Colliers International Group (CIGI), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Shanghai Industrial (SGHIY), Getty Realty (GTY), Office Properties Income Trust (OPI), Forestar Group (FOR), Gazit Globe (GZTGF), Armada Hoffler Properties (AHH), Five Point (FPH) and HomeFed (HOFD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Urban Edge Properties investors own include salesforce.com (CRM), Innovative Industrial Properties (IIPR), Norwegian Cruise Line (NCLH), Crestwood Equity Partners (CEQP), Micron Technology (MU), United Continental (UAL), Uber Technologies (UBER), Apple Hospitality REIT (APLE), Simon Property Group (SPG) and Tilray (TLRY).

Urban Edge Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "UE."

Urban Edge Properties' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.26%), Resolution Capital Ltd (5.66%), APG Asset Management US Inc. (3.27%), Bank of New York Mellon Corp (2.36%), Goldman Sachs Group Inc. (1.55%) and BBR Partners LLC (1.27%). Company insiders that own Urban Edge Properties stock include Herbert Eilberg and Steven Roth.
View institutional ownership trends for Urban Edge Properties.

UE stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, Cbre Clarion Securities LLC, WINTON GROUP Ltd, Gillson Capital LP, and Timbercreek Investment Management Inc..
View insider buying and selling activity for Urban Edge Properties.

UE stock was purchased by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Waterfront Capital Partners LLC, APG Asset Management US Inc., Nuveen Asset Management LLC, Lasalle Investment Management Securities LLC, AQR Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Prudential Financial Inc..
View insider buying and selling activity for Urban Edge Properties.

Shares of UE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of UE stock can currently be purchased for approximately $10.27.

Urban Edge Properties has a market capitalization of $1.20 billion and generates $387.65 million in revenue each year. The real estate investment trust earns $109.52 million in net income (profit) each year or $1.16 on an earnings per share basis. Urban Edge Properties employs 116 workers across the globe.

The official website for Urban Edge Properties is www.uedge.com.

Urban Edge Properties' mailing address is 888 SEVENTH AVENUE, NEW YORK NY, 10019. The real estate investment trust can be reached via phone at 212-956-2556.