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 -.
Urban Edge Properties Trading Up 2.1 %
UE traded up $0.46 during midday trading on Wednesday, reaching $22.59. 766,510 shares of the company were exchanged, compared to its average volume of 878,421. The stock has a market capitalization of $2.74 billion, a P/E ratio of 9.82 and a beta of 1.55. Urban Edge Properties has a one year low of $14.71 and a one year high of $22.89. The stock's 50-day simple moving average is $21.24 and its 200 day simple moving average is $19.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.11.
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 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $106.36 million for the quarter, compared to analyst estimates of $110.34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. As a group, analysts forecast that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.
Urban Edge Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, September 13th. Urban Edge Properties's payout ratio is presently 29.57%.
Analyst Ratings Changes
Several analysts recently issued reports on UE shares. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 2nd. Evercore ISI boosted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Monday, September 16th.
Check Out Our Latest Stock Report on UE
About Urban Edge Properties
(
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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.
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