Urban Edge Properties (NYSE: UE) has a higher price-to-earnings ratio of 7.94x compared to its average ratio. UE has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for UE is 118.69M, and currently, short sellers hold a 2.04% ratio of that float. The average trading volume of UE on July 04, 2024 was 921.22K shares.
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UE) stock’s latest price update
The stock price of Urban Edge Properties (NYSE: UE) has plunged by -1.03 when compared to previous closing price of 18.41, but the company has seen a 1.11% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-30 that Urban Edge Properties is a shopping center REIT focused on the corridor between Washington D.C. and Boston, with strong growth potential. The REIT achieved impressive growth through acquisitions at attractive spreads, leading to solid FFO and AFFO growth ahead. Urban Edge Properties has strong tenants, a growth pipeline, and a solid balance sheet with ample liquidity, despite higher net debt to EBITDA compared to peers.
UE’s Market Performance
UE’s stock has risen by 1.11% in the past week, with a monthly rise of 1.22% and a quarterly rise of 9.23%. The volatility ratio for the week is 1.78% while the volatility levels for the last 30 days are 1.61% for Urban Edge Properties The simple moving average for the past 20 days is 1.48% for UE’s stock, with a 7.59% simple moving average for the past 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 4.44% 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 -3.03% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.52% upper at present.
During the last 5 trading sessions, UE rose by +1.44%, which changed the moving average for the period of 200-days by +9.46% in comparison to the 20-day moving average, which settled at $17.98. In addition, Urban Edge Properties saw -0.44% 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:
- 0.41 for the present operating margin
- 0.5 for the gross margin
The net margin for Urban Edge Properties stands at 0.72. The total capital return value is set at 0.06. Equity return is now at value 25.94, with 8.80 for asset returns.
Based on Urban Edge Properties (UE), the company’s capital structure generated 0.59 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 1.47. The interest coverage ratio of the stock is 4.38.
Currently, EBITDA for the company is 233.77 million with net debt to EBITDA at 7.3. When we switch over and look at the enterprise to sales, we see a ratio of 9.3. The receivables turnover for the company is 5.59for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To put it simply, Urban Edge Properties (UE) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
