The price of Urban Edge Properties (NYSE: UE) closed at $16.14 in the last session, up 1.32% from day before closing price of $15.93. In other words, the price has increased by $+0.21 from its previous closing price. On the day, 1244987 shares were traded.
Ratios:
We take a closer look at UE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.18. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 21, 2023, Upgraded its rating to Equal-Weight and sets its target price to $18 from $14 previously.
On November 27, 2023, Evercore ISI Downgraded its rating to In-line which previously was Outperform but kept the price unchanged to $18.
On September 23, 2021, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $24.Wolfe Research initiated its Outperform rating on September 23, 2021, with a $24 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Milton Robert C. III sold 26,333 shares for $17.02 per share. The transaction valued at 448,103 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UE now has a Market Capitalization of 1.92B and an Enterprise Value of 3.60B. As of this moment, Urban’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.64, and their Forward P/E ratio for the next fiscal year is 38.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.56 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 8.64 whereas that against EBITDA is 7.88.
Stock Price History:
Over the past 52 weeks, UE has reached a high of $18.79, while it has fallen to a 52-week low of $13.12. The 50-Day Moving Average of the stock is 16.98, while the 200-Day Moving Average is calculated to be 16.67.
Shares Statistics:
According to the various share statistics, UE traded on average about 863.49K shares per day over the past 3-months and 797.21k shares per day over the past 10 days. A total of 117.65M shares are outstanding, with a floating share count of 117.59M. Insiders hold about 0.12% of the company’s shares, while institutions hold 96.76% stake in the company. Shares short for UE as of Mar 15, 2024 were 4.4M with a Short Ratio of 4.76, compared to 4.48M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.70% and a Short% of Float of 6.69%.
Dividends & Splits
The forward annual dividend rate for UE is 0.65, which was 0.64 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 4.02%, it implies a Forward Annual Dividend Yield of 3.99%. The stock’s 5-year Average Dividend Yield is 4.12.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.05, while EPS last year was -$0.15. The consensus estimate for the next quarter is $0.07, with high estimates of $0.11 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.47 and $0.21 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.42, with 3 analysts recommending between $0.55 and $0.33.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $107.69M. It ranges from a high estimate of $107.69M to a low estimate of $107.69M. As of the current estimate, Urban Edge Properties’s year-ago sales were $99.35M, an estimated increase of 8.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $108.32M, an increase of 9.70% over than the figure of $8.40% in the same quarter last year. There is a high estimate of $108.32M for the next quarter, whereas the lowest estimate is $108.32M.
A total of 2 analysts have provided revenue estimates for UE’s current fiscal year. The highest revenue estimate was $432.67M, while the lowest revenue estimate was $417M, resulting in an average revenue estimate of $424.83M. In the same quarter a year ago, actual revenue was $416.92M, up 1.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $439.22M in the next fiscal year. The high estimate is $444.93M and the low estimate is $433.5M. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
