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

StockNews.com upgraded shares of Urban Edge Properties (NYSE:UE) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

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

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $18.77 on Thursday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock’s 50 day moving average price is $20.08 and its 200-day moving average price is $21.26. The company has a market capitalization of $2.35 billion, a PE ratio of 31.81 and a beta of 1.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.05%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio is currently 128.81%.

Institutional Investors Weigh In On Urban Edge Properties

Several institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its position in shares of Urban Edge Properties by 1.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust’s stock worth $883,000 after acquiring an additional 659 shares in the last quarter. Amalgamated Bank lifted its position in shares of Urban Edge Properties by 2.0% during the fourth quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 724 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Urban Edge Properties by 6.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 778 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust’s stock worth $632,000 after acquiring an additional 800 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Urban Edge Properties by 2.9% during the fourth quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 1,000 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.