Urban Edge Properties (NYSE:UE – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Evercore ISI downgraded shares of Urban Edge Properties from an “outperform” rating to an “in-line” rating and set a $18.00 price target on the stock. in a report on Monday, November 27th.

View Our Latest Research Report on UE

Urban Edge Properties Trading Up 0.3 %

NYSE:UE opened at $17.41 on Friday. The stock has a market cap of $2.05 billion, a PE ratio of 48.36 and a beta of 1.55. Urban Edge Properties has a fifty-two week low of $13.13 and a fifty-two week high of $17.71. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50-day moving average is $15.98 and its two-hundred day moving average is $15.84.

Urban Edge Properties (NYSE:UE – Get Free Report) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Urban Edge Properties had a net margin of 10.19% and a return on equity of 4.08%. The company had revenue of $101.73 million during the quarter. As a group, equities research analysts forecast that Urban Edge Properties will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UE. Lazard Asset Management LLC bought a new position in Urban Edge Properties during the second quarter worth about $34,000. Tower Research Capital LLC TRC raised its holdings in shares of Urban Edge Properties by 63.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,484 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 960 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $39,000. Quantbot Technologies LP acquired a new stake in Urban Edge Properties in the 1st quarter valued at $47,000. Finally, Point72 Middle East FZE bought a new stake in Urban Edge Properties in the fourth quarter valued at $84,000. 98.02% of the stock is owned by institutional investors.

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 17.2 million square feet of gross leasable area.

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Original: MarketBeat News Feed: Urban Edge Properties (NYSE:UE) Raised to “Hold” at StockNews.com