Urban Edge Properties (UE) Stock AnalysisUEStock AnalysisUrban Edge Properties

Urban Edge Properties is a real estate investment trust (REIT), which is focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, in the Washington District of Columbia to Boston corridor. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets. Its portfolio consists of approximately 69 shopping centers, two outlet centers and two malls totaling approximately 17.2 million square feet of gross leasable area. Its shopping centers and malls are located in California, Connecticut, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Virginia, Maryland, Massachusetts and Puerto Rico. Its properties include Walnut Creek, Newington Commons, Goucher Commons, Rockville Town Center, Wheaton, Woodmore Towne Centre, Shoppers World, Manchester Plaza, Bergen Town Center, and Brunswick Commons, among others. It operates in the Real Estate sector (REAL ESTATE industry).

Urban Edge Properties is currently a hold. The stock is priced at $21.39, which is below the average analyst target of $24, indicating potential upside. However, the RSI is at 35.25, suggesting the stock is oversold, and the recent insider sell-off by CEO Jeffrey S. Olson, who sold 98.01% of his holdings, raises concerns about future performance. Additionally, the company faces $206 million in mortgage debt maturing within the next year, which poses a significant risk to cash flow and dividend sustainability.

3 analysts cover UE: 0 rate it Buy, 2 Hold and 1 Sell. The average price target is 22.00.