Urban Edge Properties (NYSE:UE) Receives Consensus Recommendation of “Hold” from Brokerages

Urban Edge Properties (NYSE:UE) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.00.

A number of equities analysts recently weighed in on UE shares. Morgan Stanley lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. UBS Group cut their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th.

Institutional Investors Weigh In On Urban Edge Properties

Institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Urban Edge Properties by 5.0% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,720 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 1,950 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Urban Edge Properties during the 4th quarter valued at $268,000. Denali Advisors LLC acquired a new position in shares of Urban Edge Properties in the fourth quarter worth $363,000. Sequoia Financial Advisors LLC acquired a new position in Urban Edge Properties in the 4th quarter worth about $231,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Urban Edge Properties by 48.7% during the 4th quarter. Wolverine Asset Management LLC now owns 93,440 shares of the real estate investment trust’s stock valued at $1,793,000 after buying an additional 30,619 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

NYSE UE opened at $20.73 on Thursday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 23.25 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. The business’s fifty day moving average is $19.23 and its two-hundred day moving average is $19.65. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.73.

About Urban Edge Properties

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.