Urban Edge Properties (NYSE:UE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States. “

Separately, BidaskClub raised Urban Edge Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th.

Urban Edge Properties (UE) traded down 1.76% during midday trading on Wednesday, reaching $23.99. The company’s stock had a trading volume of 715,975 shares. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 19.66 and a beta of 0.57. The company has a 50 day moving average price of $24.20 and a 200 day moving average price of $26.35. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $30.29.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $86.54 million. Urban Edge Properties had a return on equity of 23.89% and a net margin of 33.27%. On average, equities research analysts expect that Urban Edge Properties will post $0.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, June 13th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 72.13%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Urban Edge Properties by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,586 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 56 shares during the period. BlackRock Japan Co. Ltd raised its position in shares of Urban Edge Properties by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 4,894 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 65 shares during the period. M&T Bank Corp raised its position in shares of Urban Edge Properties by 0.8% in the first quarter. M&T Bank Corp now owns 13,002 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 97 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Urban Edge Properties by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 3,343 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 100 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Urban Edge Properties by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 14,967 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 138 shares during the period. 81.47% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Company Profile

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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