Urban Edge Properties (NYSE:UE - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.320-1.350 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
UE has been the topic of several research analyst reports. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 2nd. Evercore ISI upped their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th.
Read Our Latest Stock Report on Urban Edge Properties
Urban Edge Properties Trading Up 1.8 %
UE traded up $0.39 during trading on Wednesday, reaching $22.52. The company had a trading volume of 241,312 shares, compared to its average volume of 875,919. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 52 week low of $14.71 and a 52 week high of $22.85. The stock has a market cap of $2.73 billion, a P/E ratio of 9.62 and a beta of 1.55. The business has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $19.24.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. The company had revenue of $106.36 million during the quarter, compared to the consensus estimate of $110.34 million. On average, equities analysts anticipate that Urban Edge Properties will post 1.31 EPS for the current fiscal year.
Urban Edge Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 3.02%. Urban Edge Properties's payout ratio is currently 29.57%.
About Urban Edge Properties
(
Get Free Report)
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.
Further Reading
Before you consider Urban Edge Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Urban Edge Properties wasn't on the list.
While Urban Edge Properties currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
