Urban Edge Properties (NYSE: UE)’s stock price has decreased by -5.23 compared to its previous closing price of 16.81. However, the company has seen a -4.50% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-28 that Retail REIT share prices have declined more than the overall REIT sector, presenting a potential investment opportunity. The Marcus & Millichap 2024 Retail Forecast highlights job growth, migration patterns, and rising retail space demand. The top markets for retail investment are dominated by Florida and Texas, creating opportunities for shopping center landlords in the Sun Belt.
Is It Worth Investing in Urban Edge Properties (NYSE: UE) Right Now?
Urban Edge Properties (NYSE: UE) has a price-to-earnings ratio of 7.55x that is above its average ratio. Additionally, the 36-month beta value for UE is 1.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for UE is 117.59M and currently, short sellers hold a 3.49% ratio of that float. The average trading volume of UE on April 11, 2024 was 854.69K shares.
UE’s Market Performance
UE stock saw a decrease of -4.50% in the past week, with a monthly decline of -7.06% and a quarterly a decrease of -11.65%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 1.93% for Urban Edge Properties (UE). The simple moving average for the last 20 days is -4.97% for UE stock, with a simple moving average of -4.36% for the last 200 days.
Analysts’ Opinion of UE
Many brokerage firms have already submitted their reports for UE stocks, with Morgan Stanley repeating the rating for UE by listing it as a “Equal-Weight.” The predicted price for UE in the upcoming period, according to Morgan Stanley is $18 based on the research report published on December 21, 2023 of the previous year 2023.
Evercore ISI, on the other hand, stated in their research note that they expect to see UE reach a price target of $18. The rating they have provided for UE stocks is “In-line” according to the report published on November 27th, 2023.
Wolfe Research gave a rating of “Outperform” to UE, setting the target price at $24 in the report published on September 23rd of the previous year.
UE Trading at -6.56% from the 50-Day Moving Average
After a stumble in the market that brought UE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.22% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.25% lower at present.
During the last 5 trading sessions, UE fell by -4.50%, which changed the moving average for the period of 200-days by +11.63% in comparison to the 20-day moving average, which settled at $16.71. In addition, Urban Edge Properties saw -12.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UE starting from Milton Robert C. III, who sale 26,333 shares at the price of $17.02 back on Mar 12 ’24. After this action, Milton Robert C. III now owns 0 shares of Urban Edge Properties, valued at $448,103 using the latest closing price.
Stock Fundamentals for UE
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.6 for the gross margin
The net margin for Urban Edge Properties stands at 0.68. The total capital return value is set at 0.06. Equity return is now at value 23.34, with 7.94 for asset returns.
Based on Urban Edge Properties (UE), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 5.26.
Currently, EBITDA for the company is 233.77 million with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 8.78. The receivables turnover for the company is 5.52for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Urban Edge Properties (UE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
