Zacks Investment Research downgraded Urban Edge Properties (NYSE:UE) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Urban Edge Properties (NYSE:UE) to Sell in a report released on 09/20/2016.
Yesterday Urban Edge Properties (NYSE:UE) traded 0.04% higher at $27.59. The company’s 50-day moving average is $28.77 and its 200-day moving average is $27.47. The last stock close price is up 0.48% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 303,233 shares of the stock were exchanged, down from an average trading volume of 572,569
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Urban Edge Properties has a 52 week low of $20.84 and a 52 week high of $30.29 with a P/E ratio of 32.66 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have issued a report on the stock. The consensus target price is $26.00 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Urban Edge Properties (NYSE:UE)
Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company 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. It has approximately 1,100 leases. It leases approximately 20 properties under ground and/or building leases. The Company's shopping centers and malls include Signal Hill, Vallejo, Walnut Creek, Newington, Waterbury, Baltimore, Glen Burnie, Rockville, Wheaton, Cambridge, Chicopee, Milford, Springfield, Salem, Bergen Town Center, Carlstadt, Cherry Hill, Dover, East Brunswick, Eatontown, Englewood, Hackensack, Hazlet, Lawnside, Montclair, Totowa, Watchung, Bronx, Buffalo, Huntington, Rochester, Allentown, Broomall, Springfield, Charleston, Norfolk, Las Catalinas and Montehiedra.
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