News coverage about Urban Edge Properties (NYSE:UE) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Urban Edge Properties earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.1752897227075 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Urban Edge Properties (NYSE UE) traded up 0.21% during mid-day trading on Friday, hitting $23.87. The stock had a trading volume of 538,700 shares. The company has a 50-day moving average of $24.61 and a 200 day moving average of $24.87. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 23.49 and a beta of 0.57. Urban Edge Properties has a one year low of $23.13 and a one year high of $28.90.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, September 14th. Urban Edge Properties’s dividend payout ratio is 87.13%.
A number of analysts have recently issued reports on the company. Evercore ISI cut Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 target price for the company. in a report on Monday, August 14th. BidaskClub upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
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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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