Urban Edge Properties (UE) Expected to Announce Quarterly Earnings on Wednesday

Urban Edge Properties (NYSE:UE) is anticipated to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Urban Edge Properties to post earnings of $0.09 per share and revenue of $110.79 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Urban Edge Properties Stock Down 1.3 %

Shares of UE opened at $20.42 on Tuesday. The business’s 50 day moving average is $21.09 and its 200 day moving average is $21.31. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The company has a market capitalization of $2.55 billion, a PE ratio of 9.16 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lowered their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the sale, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.