Stocks of Urban Edge Properties (NYSE:UE) traded higher last session on Wall Street, down -0.59% to $16.96.
UE stock price is now 0.97% away from the 50-day moving average and 1.36% away from the 200-day moving average. The market capitalization of the company currently stands at $2.02B.
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With the price target enhanced from $14 to $18, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Urban Edge Properties (NYSE: UE). On November 27, 2023, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock keeping its target price maintained at $18, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Milton Robert C. III, General Counsel and Secretary sold 26,333 shares of the company’s stock on Mar 12 ’24. The stock was sold for $448,103 at an average price of $17.02. Upon completion of the transaction, the General Counsel and Secretary now directly owns 0 shares in the company, valued at $0.0. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Urban Edge Properties has had a low of $13.12 and a high of $18.79. According to the stock market information, the enterprise value for the company is $3768395264, which is based on a 7.39 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for UE is $16.8066 and a two-hundred day moving average price translates $16.73125 for the stock.
The latest earnings results from Urban Edge Properties (NYSE: UE) was released for 2023-12-31. According to the REIT – Retail Company, earnings per share came in at 0.09, beating analysts’ expectations of 0.08 by 0.01. This compares to -$0.16 EPS in the same period last year. The net profit margin was 63.22% and return on equity was 25.94% for UE. The company reported revenue of $109.63 million for the quarter, compared to $99.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.24 percent. For the current quarter, analysts expect UE to generate $107.55M in revenue.
