Zacks Investment Research Lowers Urban Edge Properties (UE) to Sell

Zacks Investment Research downgraded shares of Urban Edge Properties (NYSE:UE) from a hold rating to a sell rating in a report released on Thursday morning.

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. “

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Urban Edge Properties from a d rating to a c- rating in a report on Monday, November 6th. Capital One Financial reaffirmed an equal weight rating on shares of Urban Edge Properties in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Urban Edge Properties presently has a consensus rating of Hold and a consensus target price of $25.00.

Shares of Urban Edge Properties (NYSE:UE) opened at $22.05 on Thursday. The company has a market cap of $2,510.00, a PE ratio of 37.37 and a beta of 0.43. Urban Edge Properties has a fifty-two week low of $20.10 and a fifty-two week high of $28.74. The company has a current ratio of 8.72, a quick ratio of 7.58 and a debt-to-equity ratio of 1.58.

Several institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of Urban Edge Properties during the fourth quarter valued at about $2,909,000. Eii Capital Management Inc. bought a new stake in shares of Urban Edge Properties during the fourth quarter valued at about $420,000. BB&T Securities LLC bought a new stake in shares of Urban Edge Properties during the fourth quarter valued at about $255,000. Macquarie Group Ltd. increased its position in shares of Urban Edge Properties by 31.7% during the fourth quarter. Macquarie Group Ltd. now owns 713,256 shares of the real estate investment trust’s stock valued at $17,673,000 after buying an additional 171,838 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Urban Edge Properties during the fourth quarter valued at about $303,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.

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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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