Shares of Urban Edge Properties of Beneficial Interest (NYSE:UE) traded at a new 52-week high today of $18.70. This new high was reached on below average trading volume as 54,000 shares traded hands, while the average 30-day volume is approximately 794,000 shares.
Urban Edge Properties of Beneficial Interest (NYSE:UE) is currently priced 1.2% above its average consensus analyst price target of $18.33.
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 share prices have moved between a 52-week high of $18.70 and a 52-week low of $7.45 and are now trading 149% above that low price at $18.55 per share.
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