Urban Edge Properties (UE) Earning Somewhat Favorable News Coverage, Study Finds

News coverage about Urban Edge Properties (NYSE:UE) has trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Urban Edge Properties earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.3334933158701 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

UE has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. ValuEngine downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average target price of $25.00.

Shares of Urban Edge Properties opened at $20.74 on Friday, according to Marketbeat Ratings. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 15.48 and a beta of 0.50. Urban Edge Properties has a 12-month low of $19.51 and a 12-month high of $26.19.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $99.05 million for the quarter, compared to analysts’ expectations of $97.75 million. Urban Edge Properties had a net margin of 9.78% and a return on equity of 3.82%. equities analysts predict that Urban Edge Properties will post 1.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, June 14th. Urban Edge Properties’s payout ratio is 65.67%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 90 properties totaling 16.7 million square feet of gross leasable area.

Insider Buying and Selling by Quarter for Urban Edge Properties (NYSE:UE)

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