As of Wednesday close, Urban Edge Properties’s (NYSE:UE) stock was up $0.27, moving up 1.69 percent to $16.25. The average number of shares traded per day over the past five days has been 1,027,960 shares. 4 times new highs have been achieved over the past 5 days, with a $0.90 gain in that time frame. In the last twenty days, the average volume was 1,020,880, while in the previous 50 days, it was 1,005,892.
Since last month, UE stock retreated -5.74%. Shares of the company fell to $15.17 on 08/22/23, the lowest level in the past month. A 52-week high of $17.68 was reached on 08/04/23 after having rallying from a 52-week low of $12.91. Since the beginning of this year, UE’s stock price has risen by 15.33% or $2.16, and marked a new high 21 times. However, the stock has declined by -8.09% since its 52-week high.
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UE stock investors should be aware that Urban Edge Properties (UE) stock had its last reported insider trading activity 195 days ago on Feb 17. Milton Robert C. III, the General Counsel and Secretary of the company, disposed of 20,000 shares for $15.83 on Feb 17. It resulted in a $316,660 divestment by the insider.
Valuation Metrics
Right now, Urban Edge Properties (UE) has a P/E ratio of about 117.75. The stock’s beta is 1.61. Besides these, the trailing price-to-sales (P/S) ratio of 4.80, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 85.72 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.81, and the total debt-to-equity ratio was 1.81. On the profitability front, the trailing twelve-month gross margin is 64.00% percent. In the year ended June 29, operating margins totaled 20.20%. Based on annual data, UE earned $107.76 million in gross profit and brought in $397.94 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.90%. Return on equity (ROE) for the past 12 months was 1.70%.
In Urban Edge Properties’s quarter-end financial report for June 29, it reported total debt of $1.68 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UE’s revenue rose 1.23% to $99.44 million during the quarter, while net income inched up to $99.07 million. While analysts expected Urban Edge Properties to report $0.08 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $53.02 million in EBITDA. The value of shareholders’ equity is $117.64 million.
Technical Picture
This quick technical analysis looks at Urban Edge Properties’s (UE) price momentum. With a historical volatility rate of 22.02%, the RSI 9-day stood at 56.00% on 30 August.
With respect to its five-day moving average, the current Urban Edge Properties price is up by +5.86% percent or $0.90. At present, UE shares trade -7.35% below its 20-day simple moving average and +10.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.26% above its SMA50 and +8.12% above its SMA200.
Stochastic coefficient K was 38.00% and Stochastic coefficient D was 25.41%, while ATR was 0.36. Given the Stochastic reading of 54.00% for the 14-day period, the RSI (14) reading has been calculated as 51.80%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.03.
Analyst Ratings
Wolfe Research launched its rating on Urban Edge Properties (NYSE: UE) to an Outperform in a note to investors on September 23, 2021. Urban Edge Properties (UE) has been rated Overweight by analysts. According to 1 brokerage firm, UE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Urban Edge Properties stock as buy, with 3 recommending it as overweight.
