Compass Point analyst Floris van Dijkum reiterated a Buy rating on Urban Edge Properties (UE – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $17.29.
According to TipRanks, van Dijkum is a 3-star analyst with an average return of 3.3% and a 48.13% success rate. van Dijkum covers the Real Estate sector, focusing on stocks such as Pebblebrook Hotel, Sunstone Hotel, and Tanger Factory.
Urban Edge Properties has an analyst consensus of Moderate Buy, with a price target consensus of $21.00.
Based on Urban Edge Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $116.58 million and a net profit of $221.06 million. In comparison, last year the company earned a revenue of $101.59 million and had a net profit of $13.68 million
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Urban Edge Properties (UE) Company Description:
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.
