Compass Point started coverage on shares of Urban Edge Properties (NYSE:UE) in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $20.00 price objective on the real estate investment trust’s stock.

Separately, Zacks Investment Research cut shares of Urban Edge Properties from a hold rating to a sell rating in a report on Wednesday, August 14th.

NYSE UE opened at $17.16 on Thursday. The company has a fifty day simple moving average of $16.95 and a two-hundred day simple moving average of $18.28. The stock has a market cap of $2.05 billion, a P/E ratio of 13.10 and a beta of 0.88. Urban Edge Properties has a 12-month low of $15.96 and a 12-month high of $23.37. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 1.53.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.08). The company had revenue of $102.75 million during the quarter, compared to analysts’ expectations of $97.44 million. Urban Edge Properties had a return on equity of 8.19% and a net margin of 20.02%. As a group, sell-side analysts forecast that Urban Edge Properties will post 1.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.88 annualized dividend and a dividend yield of 5.13%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 67.18%.

Institutional investors have recently modified their holdings of the stock. Pearl River Capital LLC raised its holdings in shares of Urban Edge Properties by 380.0% during the first quarter. Pearl River Capital LLC now owns 2,400 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,900 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in Urban Edge Properties in the first quarter valued at $73,000. NumerixS Investment Technologies Inc increased its holdings in Urban Edge Properties by 98.9% in the first quarter. NumerixS Investment Technologies Inc now owns 9,346 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 4,646 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Urban Edge Properties in the second quarter valued at $184,000. Finally, First Midwest Bank Trust Division purchased a new position in Urban Edge Properties in the first quarter valued at $271,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.

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