Urban Edge Properties (UE) Receiving Somewhat Favorable News Coverage, Report Finds
Media stories about Urban Edge Properties (NYSE:UE) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Urban Edge Properties earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.9124313282652 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Urban Edge Properties (NYSE:UE) traded up $0.22 during mid-day trading on Wednesday, reaching $25.35. 645,294 shares of the company were exchanged, compared to its average volume of 620,115. Urban Edge Properties has a 12 month low of $23.13 and a 12 month high of $28.90. The company has a market capitalization of $2,832.92, a P/E ratio of 18.71 and a beta of 0.61. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, December 14th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 90.72%.
A number of equities analysts recently issued reports on the stock. TheStreet raised shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research note on Monday, November 6th. Capital One Financial reissued an “equal weight” rating on shares of Urban Edge Properties in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.
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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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