Urban Edge Properties (NYSE:UE) Upgraded at TheStreet

TheStreet upgraded shares of Urban Edge Properties (NYSE:UE) from a d rating to a c- rating in a report published on Monday, November 6th.

A number of other research firms have also issued reports on UE. BidaskClub upgraded Urban Edge Properties from a sell rating to a hold rating in a research report on Wednesday, July 19th. Evercore ISI cut Urban Edge Properties from an in-line rating to an underperform rating and set a $25.00 price objective on the stock. in a report on Monday, August 14th. Capital One Financial Corporation reiterated an equal weight rating on shares of Urban Edge Properties in a report on Wednesday, November 1st. Finally, Zacks Investment Research cut Urban Edge Properties from a hold rating to a sell rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has an average rating of Hold and a consensus target price of $25.00.

Urban Edge Properties (UE) traded up $0.10 during mid-day trading on Monday, hitting $25.28. The stock had a trading volume of 268,868 shares, compared to its average volume of 496,071. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $2,865.92, a price-to-earnings ratio of 18.93 and a beta of 0.55. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $28.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio is presently 90.72%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Urban Edge Properties by 3.0% during the second quarter. Vanguard Group Inc. now owns 16,197,196 shares of the real estate investment trust’s stock worth $384,360,000 after purchasing an additional 465,517 shares in the last quarter. BlackRock Inc. lifted its stake in Urban Edge Properties by 10.8% during the second quarter. BlackRock Inc. now owns 12,974,141 shares of the real estate investment trust’s stock worth $307,876,000 after purchasing an additional 1,260,383 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Urban Edge Properties by 536.8% during the third quarter. Cohen & Steers Inc. now owns 8,755,789 shares of the real estate investment trust’s stock worth $211,190,000 after purchasing an additional 7,380,862 shares in the last quarter. State Street Corp lifted its stake in Urban Edge Properties by 8.6% during the second quarter. State Street Corp now owns 4,532,945 shares of the real estate investment trust’s stock worth $107,562,000 after purchasing an additional 359,805 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Urban Edge Properties by 117.0% during the third quarter. Bank of New York Mellon Corp now owns 3,513,964 shares of the real estate investment trust’s stock worth $84,756,000 after purchasing an additional 1,894,634 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

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About Urban Edge Properties

Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.

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