Urban Edge Properties (NYSE:UE) shares, rose in value on Friday, January 03, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $21.37.
Actively observing the price movement in the last trading, the stock closed the session at $21.23, falling within a range of $21.26 and $21.4. The value of beta (5-year monthly) was 1.555 whereas the PE ratio was 9.57 over 12-month period. Referring to stock’s 52-week performance, its high was $23.85, and the low was $15.81. On the whole, UE has fluctuated by -6.02% over the past month.
With the market capitalization of Urban Edge Properties currently standing at about $2.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.68, with its dividend yield at 3.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 440.02M, with a low estimate of 110.79M and a high estimate of 110.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 110.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.62, with the price of UE currently trading nearly -2.54% and -4.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.20, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.75%. Furthermore, Urban Edge Properties (UE)’s beta value is 1.57, and its average true range (ATR) is 0.39.
A comparison of Urban Edge Properties (UE) with its peers suggests the former has fared considerably weaker in the market. UE showed an intraday change of 0.66% in last session, and over the past year, it grew by 19.05%%.
Data on historical trading for Urban Edge Properties (NYSE:UE) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 845.62K. According to company’s latest data on outstanding shares, there are 124.87 million shares outstanding.
Nearly 0.09% of Urban Edge Properties’s shares belong to company insiders and institutional investors own 94.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.05 million shares as on 2024-12-13, resulting in a short ratio of 3.14. According to the data, the short interest in Urban Edge Properties (UE) stood at 424.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.88 million. The stock has fallen by -0.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UE stock heading into the next quarter.
