Urban Edge Properties (UE) PT Lowered to $21 at Evercore ISI

Evercore ISI analyst Steve Sakwa lowered the price target on Urban Edge Properties (NYSE: UE) to $21.00 (from $22.00) while maintaining a In Line rating.

The analyst comments "Takeaway: UE continues to demonstrate their ability to execute on leasing and 2026 is set to be another solid year as healthy spreads and SNO commencements should benefit UE in terms of earnings growth. After updating our model, our FFO est. fell from $1.51 to $1.50, driven by slightly lower cash NOI and partially offset by lower G&A. Our PT rounds down to $21 (vs. $22 prior) and we retain our I/L rating."

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