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

StockNews.com upgraded shares of Urban Edge Properties (NYSE:UE - Free Report) from a sell rating to a hold rating in a research report report published on Thursday morning.

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 for the company in a research report on Tuesday, December 24th.

Urban Edge Properties Stock Down 0.7 %

Shares of NYSE:UE traded down $0.13 during mid-day trading on Thursday, hitting $18.63. 1,734,823 shares of the company traded hands, compared to its average volume of 816,192. The firm's 50 day simple moving average is $20.06 and its 200 day simple moving average is $21.24. The firm has a market cap of $2.34 billion, a P/E ratio of 31.58 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

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Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's payout ratio is 128.81%.

Institutional Investors Weigh In On Urban Edge Properties

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