2 weeks Ago By ABMN Staff
Urban Edge Properties ( NYSE:UE – Get Free Report ) had its target price upped by Evercore ISI from $21.00 to $22.00 in a report issued on Monday, Benzinga reports.
The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective suggests a potential upside of 3.55% from the company’s current price.
Separately, StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Get Our Latest Report on UE Urban Edge Properties Price Performance Urban Edge Properties ( NYSE:UE – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.
06). The company had revenue of $106.36 million for the quarter, compared to analyst estimates of $110.
34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.
89%. On average, equities analysts anticipate that Urban Edge Properties will post 1.31 EPS for the current fiscal year.
Hedge Funds Weigh In On Urban Edge Properties Several large investors have recently bought and sold shares of UE. Sei Investments Co. boosted its holdings in shares of 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 valued at $11,895,000 after acquiring an additional 171,246 shares during the period.
Centersquare Investment Management LLC boosted its stake in Urban Edge Properties by 15.8% during the 1st quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock worth $36,334,000 after purchasing an additional 296,324 shares during the period.
Evoke Wealth LLC purchased a new position in Urban Edge Properties during the 4th quarter worth $1,106,000. Russell Investments Group Ltd. raised its holdings in shares of Urban Edge Properties by 16.
2% in 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 buying an additional 26,650 shares during the last quarter.
Finally, Jennison Associates LLC boosted its stake in shares of Urban Edge Properties by 98.6% during the first quarter. Jennison Associates LLC now owns 2,006,915 shares of the real estate investment trust’s stock worth $34,659,000 after buying an additional 996,287 shares during the period.
Institutional investors and hedge funds own 94.94% of the company’s stock. 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 17.1 million square feet of gross leasable area. Further Reading 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.
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