Urban Edge Properties which can be found using ticker (UE) now have 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 25 and 14 suggesting an average Analsyt target price of $19.25. Given that the stocks previous close was at $14.67 this would imply there is now a potential upside of 31.2%. The 50 day MA is $14.60 while the 200 day moving average is $14.96. The total market capitalization for the company now stands at $1,778m. Company Website: https://www.uedge.com
The potential market cap would be $2,333m based on the market consensus.
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.
The company has a dividend yield of 4.41% with the ex dividend date set at 14-6-2023 (DMY).
Other points of data to note are a P/E ratio of 37.21, revenue per share of 3.39 and a 2.31% return on assets.
