After Today’s Big Decline, Is Urban Edge Properties (UE)’s Near-Term Analysis Negative?

August 11, 2017 - By Maria Brooks

The stock of Urban Edge Properties (NYSE:UE) is a huge mover today! About 434,984 shares traded. Urban Edge Properties (NYSE:UE) has declined 6.37% since August 11, 2016 and is downtrending. It has underperformed by 23.07% the S&P500.
The move comes after 7 months negative chart setup for the $2.80 billion company. It was reported on Aug, 11 by Barchart.com. We have $23.11 PT which if reached, will make NYSE:UE worth $168.00M less.

Urban Edge Properties (NYSE:UE) Ratings Coverage

Among 3 analysts covering Urban Edge Properties (NYSE:UE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Urban Edge Properties had 4 analyst reports since September 8, 2015 according to SRatingsIntel. The stock has “Equal Weight” rating by CapitalOne on Monday, December 21. The company was downgraded on Thursday, August 4 by Credit Suisse.

Another recent and important Urban Edge Properties (NYSE:UE) news was published by Businesswire.com which published an article titled: “Urban Edge Properties Reports Second Quarter 2017 Results” on August 02, 2017.

Urban Edge Properties is a real estate investment trust. The company has market cap of $2.80 billion. The Firm is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. It has a 25.04 P/E ratio. Urban Edge Properties LP serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.

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