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

Urban Edge Properties (NYSE:UE) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

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

Urban Edge Properties Stock Performance

Shares of UE stock opened at $18.63 on Thursday. Urban Edge Properties has a 1 year low of $15.81 and a 1 year 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. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 31.58 and a beta of 1.54. The stock’s 50-day moving average is $20.06 and its two-hundred day moving average is $21.24.

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

Institutional Investors Weigh In On Urban Edge Properties

Several large investors have recently modified their holdings of the stock. GF Fund Management CO. LTD. acquired a new position in Urban Edge Properties in the 4th quarter valued at $47,000. Quarry LP purchased a new stake in shares of Urban Edge Properties in the fourth quarter valued at about $49,000. Smartleaf Asset Management LLC increased its stake in shares of Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,029 shares during the period. Sterling Capital Management LLC increased its stake in shares of Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 3,555 shares during the period. Finally, USA Financial Formulas purchased a new position in Urban Edge Properties during the fourth quarter worth about $93,000. Hedge funds and other institutional investors 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.