Urban Edge Properties (NYSE:UE) – Capital One Financial Corporation raised their Q1 2018 earnings per share (EPS) estimates for Urban Edge Properties in a note issued to investors on Wednesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.35 for the quarter, up from their prior forecast of $0.34.

Several other brokerages have also recently weighed in on UE. Zacks Investment Research cut Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/08/07/q1-2018-eps-estimates-for-urban-edge-properties-increased-by-analyst-nyseue.html.

Urban Edge Properties (NYSE:UE) opened at 25.46 on Monday. The firm has a market cap of $2.74 billion, a PE ratio of 25.01 and a beta of 0.59. The stock has a 50 day moving average of $24.53 and a 200 day moving average of $25.90. Urban Edge Properties has a 52 week low of $23.13 and a 52 week high of $29.99.

Hedge funds have recently made changes to their positions in the company. State Treasurer State of Michigan boosted its stake in shares of Urban Edge Properties by 0.8% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Urban Edge Properties by 1.1% in the first quarter. Great West Life Assurance Co. Can now owns 99,506 shares of the real estate investment trust’s stock valued at $2,615,000 after buying an additional 1,096 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Urban Edge Properties by 2.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,656 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Urban Edge Properties by 130.7% in the first quarter. Wells Fargo & Company MN now owns 158,242 shares of the real estate investment trust’s stock valued at $4,161,000 after buying an additional 89,637 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in shares of Urban Edge Properties during the first quarter valued at $686,000. 81.08% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Urban Edge Properties (NYSE:UE)

Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.