Urban Edge Properties (NYSE:UE) Stock Rating Lowered by StockNews.com

Urban Edge Properties (NYSE:UE) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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

Urban Edge Properties Stock Performance

NYSE:UE traded down $0.24 during trading hours on Wednesday, reaching $18.85. 1,235,894 shares of the company’s stock were exchanged, compared to its average volume of 822,413. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 31.96 and a beta of 1.54. The company has a 50-day moving average of $20.39 and a 200 day moving average of $21.37.

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

Institutional Trading of Urban Edge Properties

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Urban Edge Properties by 1,499.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock worth $34,216,000 after acquiring an additional 1,499,628 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Urban Edge Properties in the 4th quarter worth about $27,584,000. FMR LLC grew its stake in Urban Edge Properties by 8.6% in the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in Urban Edge Properties by 56.1% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,800,970 shares of the real estate investment trust’s stock valued at $38,721,000 after acquiring an additional 646,960 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after purchasing an additional 637,587 shares in the last quarter. Hedge funds and other 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.