Price Action Alert: Can Urban Edge Properties’s Tomorrow be Different? The Stock Declines Again

Price Action Alert: Can Urban Edge Properties's Tomorrow be Different? The Stock Declines Again

The stock of Urban Edge Properties (NYSE:UE) is a huge mover today! The stock decreased 3.01% or $0.81 on October 5, hitting $26.08. Urban Edge Properties (NYSE:UE) has risen 8.91% since March 2, 2016 and is uptrending. It has outperformed by 0.65% the S&P500.
The move comes after 9 months negative chart setup for the $2.59 billion company. It was reported on Oct, 5 by We have $24.78 PT which if reached, will make NYSE:UE worth $129.50 million less.

Analysts await Urban Edge Properties (NYSE:UE) to report earnings on November, 2. They expect $0.32 earnings per share, up 6.67% or $0.02 from last year’s $0.3 per share. UE’s profit will be $31.78 million for 20.38 P/E if the $0.32 EPS becomes a reality. After $0.31 actual earnings per share reported by Urban Edge Properties for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Urban Edge Properties (NYSE:UE) Ratings Coverage

Out of 3 analysts covering Urban Edge Properties (NYSE:UE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Urban Edge Properties has been the topic of 4 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, August 4 by Credit Suisse. As per Monday, December 21, the company rating was initiated by CapitalOne.

According to Zacks Investment Research, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States.”

More important recent Urban Edge Properties (NYSE:UE) news were published by: which released: “Urban Edge Properties (UE) Passes Through 3% Yield Mark” on October 05, 2016, also published article titled: “BRIEF-Urban Edge Properties files for common stock shelf of up to $250 mln”, published: “Ex-Dividend Reminder: Urban Edge Properties, Empire State Realty Trust and …” on September 13, 2016. More interesting news about Urban Edge Properties (NYSE:UE) was released by: and their article: “Urban Edge Properties Enters Oversold Territory” with publication date: September 13, 2016.

UE Company Profile

Urban Edge Properties, incorporated on June 18, 2014, is a real estate investment trust (REIT) focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Firm owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers. The Company’s portfolio totals approximately 14.8 million square feet. The Firm has approximately 1,100 leases. It leases approximately 20 properties under ground and/or building leases. Lease terms are generally from five years or less in some instances for smaller tenants to as long as approximately 20 years for major tenants. The majority of its leases provide for reimbursements of real estate taxes, insurance and common area maintenance charges (including roof and structure in shopping centers), and percentage rents based on tenant sales volume. The Company’s shopping centers and malls are located at California, Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Virginia and Puerto Rico.

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