Morgan Stanley (NYSE:MS) analyst Richard Hill maintained a Sell rating on Urban Edge Properties (NYSE:UE) on Friday, setting a price target of $18.8, which is approximately 6.47% below the present share price of $20.1.
Hill expects Urban Edge Properties to post earnings per share (EPS) of $0.17 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in Urban Edge Properties, with an average price target of $19.27.
The analysts price targets range from a high of $20 to a low of $18.8.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $95.66 million and a net profit of $23.92 million. The company's market cap is $2.35 billion.
According to TipRanks.com, Morgan Stanley analyst Richard Hill is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.8% and a 59.38% success rate.
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.