Urban Edge Properties (NYSE:UE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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. “

Separately, ValuEngine upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st.

NYSE UE opened at $19.30 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.25 and a current ratio of 8.25. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 14.40 and a beta of 0.56. Urban Edge Properties has a 1-year low of $18.90 and a 1-year high of $26.19.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $112.21 million for the quarter, compared to the consensus estimate of $94.49 million. Urban Edge Properties had a return on equity of 8.39% and a net margin of 20.55%. On average, sell-side analysts predict that Urban Edge Properties will post 1.29 EPS for the current year.

Several large investors have recently bought and sold shares of UE. Principal Financial Group Inc. raised its stake in shares of Urban Edge Properties by 2.6% in the first quarter. Principal Financial Group Inc. now owns 458,907 shares of the real estate investment trust’s stock valued at $9,797,000 after acquiring an additional 11,472 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Urban Edge Properties in the second quarter valued at approximately $565,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Urban Edge Properties by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 105,314 shares of the real estate investment trust’s stock valued at $2,409,000 after acquiring an additional 2,344 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Urban Edge Properties in the 2nd quarter worth approximately $299,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Urban Edge Properties in the 2nd quarter worth approximately $654,000. Institutional investors own 86.64% of the company’s stock.

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 88 properties totaling 16.3 million square feet of gross leasable area.

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