The stock of Urban Edge Properties (NYSE:UE) decreased by $0.0 on Friday to finish at $15.40, down 0.00 percent. The last five days have seen an average of 1,238,340 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $1.31. The average number of shares traded over the last 20 days was 1,036,495, while the average volume over the last 50 days totaled 1,060,566.
UE stock dropped -7.89% since last month. On 08/22/23, the company’s shares reached a one-month low of $15.17. The stock touched a high of $17.68 on 08/04/23, after rallying from a low of $12.91 in 52 weeks. The price of UE stock has risen by 9.30% or $1.31 this year, reaching a new high 21 times. Still, the stock price is down -12.90% from the 52-week high.
Insider Transactions
UE stock investors should be aware that Urban Edge Properties (UE) stock had its last reported insider trading activity 192 days ago on Feb 17. On Feb 17, General Counsel and Secretary Milton Robert C. III sold 20,000 shares at $15.83 each. This transaction resulted in the insider making $316,660.
Valuation Metrics
Urban Edge Properties (UE) has a trailing price-to-earnings (P/E) ratio of 111.59. Beta for the stock is 1.61. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.55, the price-to-book (PB) ratio of 1.94, and the price-to-cash flow ratio of 81.24.
Company paid $0.16 per share in dividends, remained unchanged from $0.16 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.81, and the total debt to equity ratio is 1.81. As far as profitability goes, gross margin for the trailing twelve months is 64.00% percent. Urban Edge Properties’s operating margin stood at 20.20% for the same period. Based on annual data, it had gross profit of $107.76 million and revenue of $397.94 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UE’s return on assets (ROA) during the last 12 months has been 0.60%. There was a 3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.70%.
Earnings Surprise
According to Urban Edge Properties’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $99.07 million, while revenues rose by 1.23% to $99.44 million. It was predicted that Urban Edge Properties’s quarterly earnings would be $0.09, but it ended up being $0.08, beating the consensus by 12.50%. EBITDA was $53.02 million for the quarter. At the end of Urban Edge Properties’s most recent quarter ended June 29, its total debt was $1.74 billion. Equity owned by shareholders amounts to $117.64 million.
Technical Picture
Here’s a quick look at Urban Edge Properties’s (UE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 23.23%, suggesting the stock is oversold, with a 17.19% historical volatility rate.
The stochastic %K and %D were 9.21% and 7.40% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 10.22%, the RSI (14) reading is 31.85%. On the 9-day MACD Oscillator, the stock is at -0.32, and the 14-day reading is at -0.83.
Analyst Ratings
In its analyst report released on September 23, 2021, Wolfe Research began covering Urban Edge Properties (NYSE: UE). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Urban Edge Properties (UE) an Overweight rating. UE is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is UE’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $25.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Urban Edge Properties (UE) is $19.75.
