StockNews.com Lowers Urban Edge Properties (NYSE:UE) to Sell

Urban Edge Properties (NYSE:UE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Urban Edge Properties Stock Performance

NYSE UE traded up $0.11 during trading on Thursday, hitting $17.16. 900,479 shares of the company’s stock traded hands, compared to its average volume of 901,622. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.09 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42. The business has a 50 day moving average of $16.75 and a 200-day moving average of $17.06. Urban Edge Properties has a 12-month low of $13.13 and a 12-month high of $18.79.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The business had revenue of $106.25 million for the quarter. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is currently owned by insiders.

Institutional Trading of Urban Edge Properties

Institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Urban Edge Properties by 15.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 107,482 shares of the real estate investment trust’s stock worth $1,856,000 after purchasing an additional 14,600 shares during the last quarter. ProShare Advisors LLC raised its position in Urban Edge Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 23,232 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 1,594 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Urban Edge Properties by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 191,555 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 26,650 shares in the last quarter. Sei Investments Co. lifted its stake in Urban Edge Properties by 33.1% in the first quarter. Sei Investments Co. now owns 688,744 shares of the real estate investment trust’s stock worth $11,895,000 after acquiring an additional 171,246 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Urban Edge Properties by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock worth $1,165,000 after purchasing an additional 1,264 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.