Urban Edge Properties of Beneficial Interest (NYSE:UE) traded at a new 52-week high today of $18.39. So far today approximately 117,000 shares have been exchanged, as compared to an average 30-day volume of 819,000 shares.
In the past 52 weeks, Urban Edge Properties of Beneficial Interest share prices are bracketed by a low of $7.45 and a high of $18.39 and is now at $18.34, 146% above that low price.
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 primarily 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 Properties of Beneficial Interest (NYSE:UE) defies analysts with a current price ($18.34) 2.6% above its average consensus price target of $17.86.
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