Urban Edge Properties (NYSE:UE) finished Friday with a subtraction of -$0.05 to close at $14.09, a downside of -0.35 percent. An average of 629,200 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 893,895 shares traded, while the 50-day average volume stands at 954,188.
UE stock has decreased by -10.43% in the last month. The company shares reached their 1-month lowest point of $13.56 on 12/22/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $12.91 and a high of $19.96 in 52 weeks. It has reached a new high 4 times so far this year and lost -25.84% or -$4.91 in price. In spite of this, the price is down -29.41% from the 52-week high.
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Urban Edge Properties (UE) has a trailing price-to-earnings (P/E) ratio of 22.26. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.80, the price-to-book (PB) ratio at 1.69.
The company has a payout ratio of 75.10%. The company’s most recent quarterly dividend payment was $0.16 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday February 15 2022.
Further, the company has a long term debt to equity ratio of 1.74 and a total debt to equity ratio of 1.74 for the quarter ending September 29. Its gross profit as reported stood at $147.88 million compared to revenue of $425.08 million.
For the three-month period that ended September 29, Urban Edge Properties had $1.7 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $11.38 million in the quarter, while revenues of $11.63 million were shrunk -144.02%. The analyst consensus anticipated Urban Edge Properties’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.1, a 11.10% surprise. For the quarter, EBITDA amounted to $50.55 million. At the end of the quarter ending September 29, Urban Edge Properties’s stock balance sheet showed total debt was $1.76 billion. Shareholders own equity worth $117.44 million.
From a technical analysis perspective, let’s take a brief look at Urban Edge Properties (UE) price momentum. RSI 9-day as of the close on 30 December was 40.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.93%.
As of today, UE’s price is $14.10 +2.18% or $0.30 from its 5-day moving average. UE is currently trading -8.92% lower than its 20-day SMA and -11.99% lower than its 100-day SMA. However, the stock’s current price level is +5.62% above the SMA50 and -24.61% below the SMA200.
The stochastic %K and %D were 22.50% and 24.03%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 24.49% and the average true range at 0.38, the RSI (14) stands at 41.99%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Wolfe Research launched coverage on Urban Edge Properties (NYSE: UE) in its analyst report released on September 23, 2021. The firm assigned the stock an Outperform rating. The consensus rating for Urban Edge Properties (UE) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell UE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is UE’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $25.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Urban Edge Properties (UE) stock is $19.00.