Urban Edge Properties (NYSE:UE – Get Free Report) will announce its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Urban Edge Properties Stock Up 2.7 %
NYSE:UE opened at $17.40 on Wednesday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 48.33 and a beta of 1.50. Urban Edge Properties has a 1-year low of $13.13 and a 1-year high of $18.79. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.63. The business’s fifty day moving average price is $17.80 and its 200 day moving average price is $16.70.
Analysts Set New Price Targets
UE has been the topic of a number of recent research reports. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, December 9th. Evercore ISI downgraded Urban Edge Properties from an “outperform” rating to an “in-line” rating and set a $18.00 target price on the stock. in a research note on Monday, November 27th. Finally, Morgan Stanley upgraded Urban Edge Properties from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Thursday, December 21st.
Institutional Trading of Urban Edge Properties
Several large investors have recently made changes to their positions in UE. Citigroup Inc. boosted its stake in Urban Edge Properties by 12.4% during the 3rd quarter. Citigroup Inc. now owns 162,610 shares of the real estate investment trust’s stock valued at $2,481,000 after purchasing an additional 17,977 shares during the period. Tudor Investment Corp Et Al acquired a new position in Urban Edge Properties in the 3rd quarter valued at approximately $907,000. Morgan Stanley raised its holdings in Urban Edge Properties by 79.9% in the 3rd quarter. Morgan Stanley now owns 1,714,640 shares of the real estate investment trust’s stock valued at $26,165,000 after acquiring an additional 761,771 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Urban Edge Properties by 22.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,432 shares of the real estate investment trust’s stock valued at $861,000 after acquiring an additional 10,174 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Urban Edge Properties by 26.6% in the 3rd quarter. Royal Bank of Canada now owns 71,581 shares of the real estate investment trust’s stock valued at $1,093,000 after acquiring an additional 15,046 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.
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 17.2 million square feet of gross leasable area.
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