Urban Edge Properties (UE) to Release Earnings on Wednesday

Urban Edge Properties (NYSE:UE) is set to release its earnings data 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.Persons that are interested in registering for the company’s earnings 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $106.36 million for the quarter, compared to analysts’ expectations of $110.34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. 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 Price Performance

UE opened at $22.16 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 8.97 and a beta of 1.55. The firm’s fifty day moving average price is $21.20 and its two-hundred day moving average price is $19.20. Urban Edge Properties has a 1 year low of $14.52 and a 1 year high of $22.31.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, September 13th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 27.53%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI upped their price target on 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.

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.