According to Zacks, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States. “
UE has been the subject of a number of other reports. ValuEngine cut Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Evercore ISI cut Urban Edge Properties from an “in-line” rating to an “underperform” rating in a report on Tuesday, February 19th.
Urban Edge Properties stock opened at $18.72 on Friday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.29 and a beta of 0.94. Urban Edge Properties has a 12 month low of $16.13 and a 12 month high of $23.37.
Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.27). The firm had revenue of $100.92 million during the quarter, compared to analyst estimates of $95.91 million. Urban Edge Properties had a net margin of 25.39% and a return on equity of 10.41%. As a group, analysts expect that Urban Edge Properties will post 1.25 earnings per share for the current fiscal year.
In other news, Director Steven Roth sold 5,717,184 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $18.98, for a total value of $108,512,152.32. Following the completion of the transaction, the director now directly owns 1,327,326 shares of the company’s stock, valued at approximately $25,192,647.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. BBR Partners LLC bought a new stake in Urban Edge Properties during the 4th quarter worth approximately $26,444,000. Norges Bank bought a new stake in Urban Edge Properties during the 4th quarter worth approximately $25,185,000. Oregon Public Employees Retirement Fund grew its position in Urban Edge Properties by 1,703.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 754,166 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 712,358 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Urban Edge Properties by 305.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 762,154 shares of the real estate investment trust’s stock worth $12,667,000 after acquiring an additional 574,220 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Urban Edge Properties by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,165,553 shares of the real estate investment trust’s stock worth $356,934,000 after acquiring an additional 404,355 shares during the last quarter. 83.59% of the stock is owned by institutional investors and hedge funds.
About Urban Edge Properties
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.