Urban Edge Properties (UE) to Release Earnings on Wednesday

Urban Edge Properties (NYSE:UE) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Urban Edge Properties to post earnings of $0.33 per share for the quarter. Urban Edge Properties has set its FY24 guidance at $1.29-1.32 EPS and its FY 2024 guidance at 1.290-1.320 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $106.36 million for the quarter, compared to the consensus estimate of $110.34 million. Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. On average, analysts expect Urban Edge Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Urban Edge Properties Trading Up 0.1 %

Shares of NYSE:UE opened at $21.93 on Wednesday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 9.53 and a beta of 1.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.11. The company has a 50 day moving average price of $21.03 and a 200 day moving average price of $19.04. Urban Edge Properties has a 1-year low of $14.36 and a 1-year high of $22.31.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.10%. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on UE shares. Evercore ISI boosted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties Company Profile

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.