Urban Edge Properties (UE)’s latest quarter sales figures and margins explained

A share price of Urban Edge Properties [UE] is currently trading at $17.00, up 1.61%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UE shares have gain 1.67% over the last week, with a monthly amount glided 2.53%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Urban Edge Properties [NYSE: UE] stock has seen the most recent analyst activity on December 21, 2023, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $18 from $14. Previously, Evercore ISI downgraded its rating to In-line on November 27, 2023, and kept the price target unchanged to $18. On September 23, 2021, Wolfe Research initiated with a Outperform rating and assigned a price target of $24 on the stock. Evercore ISI upgraded its rating to a Outperform but stick to its price target of $21 on September 20, 2021. Evercore ISI downgraded its rating to a In-line. CapitalOne upgraded its rating to Overweight for this stock on February 18, 2021, but kept the price target unchanged to $15. In a note dated June 23, 2020, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $13.

Urban Edge Properties experienced fluctuations in its stock price throughout the past year between $13.12 and $18.79. Urban Edge Properties [NYSE: UE] shares were valued at $17.00 at the most recent close of the market.

Analyzing the UE fundamentals

Trailing Twelve Months sales for Urban Edge Properties [NYSE:UE] were 416.92M which represents 14.75% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.67%, and Net Profit Margin reading is 0.68%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.29 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.72 points at the first support level, and at 16.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.26, and for the 2nd resistance point, it is at 17.51.

Urban Edge Properties [UE] reported earnings per share of $1.89 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $1.77 and a surprise factor of 1,475.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.31 per share as compared to estimates of $0.08 per share, a difference of $0.23 representing a surprise of 287.50%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 4.80, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 8.05.

Transactions by insiders

Recent insider trading involved Milton Robert C. III, General Counsel and Secretary, that happened on Mar 12 ’24 when 26333.0 shares were sold.

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