Analyst Ronald Kamdem of Morgan Stanley maintained a Hold rating on Urban Edge Properties (UE – Research Report), retaining the price target of $20.00.
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Ronald Kamdem has given his Hold rating due to a combination of factors impacting Urban Edge Properties. The company’s recent acquisition of The Village at Waugh Chapel and the sale of a Home Depot property reflect strategic capital recycling efforts. While these transactions are expected to provide a positive levered return and a deferred tax benefit, the overall impact on the company’s financial position remains neutral.
Urban Edge Properties’ financial results for the fourth quarter were in line with expectations, with a stable core FFO and strong same-store net operating income growth. However, the guidance for 2025 core FFO and same-store NOI is slightly below consensus, suggesting limited upside potential in the near term. Additionally, while retail occupancy rates have improved, the company’s leverage has increased, which may pose a risk. Consequently, Kamdem’s Hold rating reflects a balanced view of the company’s potential challenges and opportunities.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UE in relation to earlier this year.