The price-to-earnings ratio for Urban Edge Properties (NYSE: UE) is 8.95x, which is above its average ratio. Moreover, the 36-month beta value for UE is 1.57. Analysts have varying opinions 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 121.22M and currently, short sellers hold a 2.29% of that float. On October 25, 2024, UE’s average trading volume was 813.32K shares.
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UE) stock’s latest price update
Urban Edge Properties (NYSE: UE)’s stock price has soared by 0.59 in relation to previous closing price of 21.95. Nevertheless, the company has seen a gain of 0.36% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Urban Edge Properties (UE) have what it takes?
UE’s Market Performance
UE’s stock has risen by 0.36% in the past week, with a monthly rise of 4.50% and a quarterly rise of 11.85%. The volatility ratio for the week is 1.48% while the volatility levels for the last 30 days are 1.60% for Urban Edge Properties. The simple moving average for the past 20 days is 2.62% for UE’s stock, with a 19.22% 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 4.67% 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 -1.01% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +5.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.42% upper at present.
During the last 5 trading sessions, UE rose by +0.36%, which changed the moving average for the period of 200-days by +22.46% in comparison to the 20-day moving average, which settled at $21.52. In addition, Urban Edge Properties saw 20.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UE starting from JEFFREY MOOALLEM, who proposed sale 415 shares at the price of $20.80 back on Aug 27 ’24. After this action, JEFFREY MOOALLEM now owns shares of Urban Edge Properties, valued at $8,632 using the latest closing price.
Milton Robert C. III, the General Counsel and Secretary of Urban Edge Properties, sale 26,333 shares at $17.02 during a trade that took place back on Mar 12 ’24, which means that Milton Robert C. III is holding 0 shares at $448,103 based on the most recent closing price.
Stock Fundamentals for UE
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.4 for the gross margin
The net margin for Urban Edge Properties stands at 0.75. The total capital return value is set at 0.05. Equity return is now at value 27.46, with 9.46 for asset returns.
Based on Urban Edge Properties (UE), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 3.12.
Currently, EBITDA for the company is 233.77 million with net debt to EBITDA at 7.15. When we switch over and look at the enterprise to sales, we see a ratio of 10.27. The receivables turnover for the company is 5.1for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To wrap up, the performance of Urban Edge Properties (UE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
