UBS Initiates Coverage of Urban Edge Properties with Neutral Recommendation, Analysts See 15.17% Upside

UBS initiated coverage of Urban Edge Properties (UE) with a Neutral recommendation. The average one-year price target is $23.46/share, representing a 15.17% increase from its latest closing price of $20.37/share. There are 547 funds reporting positions in UE, with an average portfolio weight of 0.14% and total shares owned by institutions decreasing by 1.12%. The put/call ratio is 0.70, indicating a bullish outlook.