Urban Edge Properties (NYSE: UE)’s stock price has dropped by -0.17 in relation to previous closing price of 22.99. Nevertheless, the company has seen a loss of -0.22% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-10 that Urban Edge has delivered over 47% total returns since November 2023, with a current forward yield of 2.89% and a P/FFO multiple of 17.63x. Looking at UE stock, I question the relative valuation compared to peers KIM, REG, and FRT. Diving a bit more, I will identify UE’s advantages and vulnerabilities compared to peers.
Is It Worth Investing in Urban Edge Properties (NYSE: UE) Right Now?
The price-to-earnings ratio for Urban Edge Properties (NYSE: UE) is above average at 10.27x, Company’s 36-month beta value is 1.57.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for UE is 124.75M, and currently, short sellers hold a 2.47% ratio of that floaft. The average trading volume of UE on November 22, 2024 was 761.96K shares.
UE’s Market Performance
UE stock saw an increase of -0.22% in the past week, with a monthly gain of 4.56% and a quarterly increase of 11.25%. The volatility ratio for the week is 2.07%, and the volatility levels for the last 30 days are 2.24% for Urban Edge Properties (UE).. The simple moving average for the past 20 days is 0.65% for UE’s stock, with a 20.48% 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 4.41% 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 -3.77% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.80% upper at present.
During the last 5 trading sessions, UE fell by -0.22%, which changed the moving average for the period of 200-days by +32.66% in comparison to the 20-day moving average, which settled at $22.80. In addition, Urban Edge Properties saw 25.41% 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 Langer Mark, who sale 93,962 shares at the price of $23.57 back on Nov 11 ’24. After this action, Langer Mark now owns 35,816 shares of Urban Edge Properties, valued at $2,214,590 using the latest closing price.
Langer Mark, the Officer of Urban Edge Properties, proposed sale 93,962 shares at $23.53 during a trade that took place back on Nov 11 ’24, which means that Langer Mark is holding shares at $2,210,778 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
- 0.41 for the gross margin
The net margin for Urban Edge Properties stands at 0.59. The total capital return value is set at 0.05. Equity return is now at value 44.22, with 8.65 for asset returns.
Based on Urban Edge Properties (UE), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 1.77.
Currently, EBITDA for the company is 311.71 million with net debt to EBITDA at 6.05. When we switch over and look at the enterprise to sales, we see a ratio of 9.82. The receivables turnover for the company is 5.52for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In a nutshell, Urban Edge Properties (UE) has experienced a better performance in recent times. The stock has received mixed “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.
