In a report released today, Ronald Kamdem from Morgan Stanley maintained a Sell rating on Urban Edge Properties (UE – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $14.46.
Kamdem covers the Financial sector, focusing on stocks such as Paramount Group, Boston Properties, and Extra Space Storage. According to TipRanks, Kamdem has an average return of 0.4% and a 50.62% success rate on recommended stocks.
Urban Edge Properties has an analyst consensus of Moderate Sell, with a price target consensus of $14.00.
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Based on Urban Edge Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $101.59 million and a net profit of $13.68 million. In comparison, last year the company earned a revenue of $128.58 million and had a net profit of $42.45 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UE in relation to earlier this year. Most recently, in February 2023, Robert C. Milton, the GC & Secretary of UE sold 20,000.00 shares for a total of $316,600.00.
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Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, and management of commercial properties. Its portfolio includes shopping centers, malls, and warehouse parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.
