Urban Edge Properties (NYSE:UE) Upgraded by StockNews.com to Hold Rating

Urban Edge Properties (NYSE:UE) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Separately, Evercore ISI cut their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th.

Urban Edge Properties Price Performance

NYSE:UE opened at $20.54 on Tuesday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 34.81 and a beta of 1.54. The company has a 50-day moving average of $20.64 and a 200-day moving average of $21.36. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the transaction, the chief executive officer now directly owns 1,931 shares in the company, valued at approximately $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Urban Edge Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GF Fund Management CO. LTD. acquired a new stake in shares of Urban Edge Properties in the 4th quarter valued at $47,000. Quarry LP acquired a new stake in Urban Edge Properties in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC raised its holdings in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,029 shares during the last quarter. Sterling Capital Management LLC lifted its position in Urban Edge Properties by 858.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 3,555 shares during the period. Finally, USA Financial Formulas bought a new position in shares of Urban Edge Properties in the 4th quarter valued at about $93,000. Institutional investors and hedge funds own 94.94% 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 17.1 million square feet of gross leasable area.