Headlines about Urban Edge Properties (NYSE:UE) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Urban Edge Properties earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2033628148107 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
UE has been the subject of several research reports. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet raised Urban Edge Properties from a “d” rating to a “c-” rating in a report on Monday, November 6th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of Urban Edge Properties in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.00.
Shares of Urban Edge Properties (NYSE:UE) traded down $0.11 during mid-day trading on Friday, hitting $24.02. The company had a trading volume of 292,141 shares, compared to its average volume of 403,771. Urban Edge Properties has a one year low of $23.13 and a one year high of $28.90. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $2,746.41, a P/E ratio of 18.14 and a beta of 0.61.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. Urban Edge Properties’s payout ratio is 90.72%.
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Urban Edge Properties Company Profile
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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