Capital One Financial Weighs in on Urban Edge Properties’ FY2017 Earnings (UE)

Urban Edge Properties (NYSE:UE) – Analysts at Capital One Financial cut their FY2017 earnings estimates for Urban Edge Properties in a research report issued on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $1.34 per share for the year, down from their prior estimate of $1.35. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Urban Edge Properties’ Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.40 EPS and FY2019 earnings at $1.45 EPS.

Several other research firms have also commented on UE. TheStreet upgraded Urban Edge Properties from a “d” rating to a “c-” rating in a research report on Monday, November 6th. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.00.

Urban Edge Properties (UE) opened at $21.18 on Wednesday. The company has a market capitalization of $2,410.00, a PE ratio of 23.27 and a beta of 0.43. Urban Edge Properties has a 12-month low of $20.10 and a 12-month high of $28.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 7.58 and a quick ratio of 7.58.

Several large investors have recently made changes to their positions in UE. Cohen & Steers Inc. boosted its position in shares of 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 valued at $211,190,000 after buying an additional 7,380,862 shares during the period. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $84,756,000 after buying an additional 1,894,634 shares during the period. Citadel Advisors LLC boosted its position in shares of Urban Edge Properties by 544.2% during the third quarter. Citadel Advisors LLC now owns 817,294 shares of the real estate investment trust’s stock valued at $19,713,000 after buying an additional 690,433 shares during the period. BlackRock Inc. boosted its position in shares of Urban Edge Properties by 3.3% during the fourth quarter. BlackRock Inc. now owns 13,842,208 shares of the real estate investment trust’s stock valued at $352,838,000 after buying an additional 441,922 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in shares of Urban Edge Properties during the fourth quarter valued at approximately $10,718,000. Institutional investors and hedge funds own 89.03% 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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