24-Apr-2024
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Urban Edge Properties Invites You to Join Its First Quarter 2024 Earnings Conference Call
Business Wire (Mon, 18-Mar 4:15 PM ET)
Urban Edge Properties Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 14-Feb 7:00 AM ET)
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Urban Edge Props trades on the NYSE stock market under the symbol UE.
As of April 24, 2024, UE stock price declined to $16.72 with 685,471 million shares trading.
UE has a beta of 1.47, meaning it tends to be more sensitive to market movements. UE has a correlation of 0.37 to the broad based SPY ETF.
UE has a market cap of $1.99 billion. This is considered a Small Cap stock.
In the last 3 years, UE stock traded as high as $20.33 and as low as $12.91.
The top ETF exchange traded funds that UE belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.
UE has underperformed the market in the last year with a return of +17.9%, while the SPY ETF gained +24.2%. In the last 3 month period, UE fell short of the market, returning -3.5%, while SPY returned +4.6%. However, in the most recent 2 weeks UE has outperformed the stock market by returning -0.5%, while SPY returned -2.7%.
UE support price is $16.56 and resistance is $17.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UE stock will trade within this expected range on the day.