Urban Edge Properties (NYSE:UE) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Urban Edge Properties to post earnings of $0.30 per share for the quarter.
Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Urban Edge Properties had a net margin of 20.02% and a return on equity of 8.19%. The firm had revenue of $102.75 million during the quarter, compared to analyst estimates of $97.44 million. On average, analysts expect Urban Edge Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:UE opened at $21.13 on Wednesday. Urban Edge Properties has a 1 year low of $15.96 and a 1 year high of $21.31. The firm’s fifty day simple moving average is $19.56 and its 200 day simple moving average is $18.16. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $2.48 billion, a PE ratio of 16.13 and a beta of 0.87.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.16%. Urban Edge Properties’s payout ratio is presently 67.18%.
A number of research firms recently issued reports on UE. Compass Point began coverage on shares of Urban Edge Properties in a research note on Thursday, August 15th. They issued a “buy” rating and a $20.00 target price on the stock. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Finally, Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th.
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 87 properties totaling 16.1 million square feet of gross leasable area.
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