Urban Edge Properties (UE) shares rallied 7.8% in the last trading session to close at $17.57. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 14.6% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This real estate investment trust that owns and manages shopping centers is expected to post quarterly funds from operations (FFO) of $0.35 per share in its upcoming report, which represents a year-over-year change of +6.1%. Revenues are expected to be $113.88 million, up 3.9% from the year-ago quarter.
FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO per share estimate revisions are strongly correlated with near-term stock price movements.
For Urban Edge Properties, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO per share estimate revisions. So, make sure to keep an eye on UE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Urban Edge Properties belongs to the Zacks REIT and Equity Trust - Retail industry. Another stock from the same industry, Saul Centers (BFS), closed the last trading session 4.1% higher at $33.52. Over the past month, BFS has returned -12.6%.
For Saul Centers , the consensus FFO per share estimate for the upcoming report has remained unchanged over the past month at $0.73. This represents a change of -8.8% from what the company reported a year ago. Saul Centers currently has a Zacks Rank of #3 (Hold).
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This article originally published on Zacks Investment Research (zacks.com).
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