Urban Edge Properties (UE) Hit 52 Week Low

April 21, 2018 - By Linda Rogers

Urban Edge Properties (NYSE:UE) Logo

The stock of Urban Edge Properties (NYSE:UE) hit a new 52-week low and has $19.52 target or 3.00 % below today’s $20.12 share price. The 5 months bearish chart indicates high risk for the $2.54 billion company. The 1-year low was reported on Apr, 21 by Barchart.com. If the $19.52 price target is reached, the company will be worth $76.29 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.66% or $0.34 during the last trading session, reaching $20.12. About 369,308 shares traded. Urban Edge Properties (NYSE:UE) has declined 20.36% since April 21, 2017 and is downtrending. It has underperformed by 31.91% the S&P500.

Analysts await Urban Edge Properties (NYSE:UE) to report earnings on May, 2 after the close. They expect $0.31 earnings per share, down 6.06 % or $0.02 from last year’s $0.33 per share. UE’s profit will be $39.18 million for 16.23 P/E if the $0.31 EPS becomes a reality. After $0.34 actual earnings per share reported by Urban Edge Properties for the previous quarter, Wall Street now forecasts -8.82 % negative EPS growth.

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. The company has market cap of $2.54 billion.

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