Urban Edge Properties (NYSE:UE - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.
Separately, Evercore ISI decreased 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 report on Tuesday, December 24th.
View Our Latest Stock Analysis on UE
Urban Edge Properties Price Performance
Shares of NYSE:UE traded down $0.29 during trading on Friday, reaching $20.45. 1,030,680 shares of the company's stock traded hands, compared to its average volume of 817,719. The firm has a market cap of $2.55 billion, a PE ratio of 9.17 and a beta of 1.54. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a 50-day simple moving average of $20.87 and a 200-day simple moving average of $21.34.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. As a group, analysts predict that Urban Edge Properties will post 1.35 earnings per share for the current year.
Insiders Place Their Bets
In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction dated 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 of the company's stock, valued at $43,350.95. The trade was 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 the SEC website. Corporate insiders own 3.10% of the company's stock.
Institutional Trading of Urban Edge Properties
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Urban Edge Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust's stock worth $429,187,000 after purchasing an additional 213,478 shares in the last quarter. FMR LLC lifted its stake in Urban Edge Properties by 6.0% in the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock worth $317,070,000 after acquiring an additional 835,885 shares during the last quarter. State Street Corp grew its holdings in Urban Edge Properties by 2.6% during the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust's stock worth $149,524,000 after acquiring an additional 177,745 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Urban Edge Properties by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock valued at $68,640,000 after purchasing an additional 82,324 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Urban Edge Properties by 6.9% in the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock valued at $68,146,000 after purchasing an additional 203,569 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
About Urban Edge Properties
(
Get Free Report)
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.
Featured Stories
Before you consider Urban Edge Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Urban Edge Properties wasn't on the list.
While Urban Edge Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
