Urban Edge Properties (NYSE:UE - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.25, Zacks reports. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. Urban Edge Properties updated its FY 2025 guidance to 1.370-1.420 EPS.
Urban Edge Properties Trading Down 4.1 %
Urban Edge Properties stock traded down $0.89 during trading on Friday, hitting $20.73. The company's stock had a trading volume of 1,201,783 shares, compared to its average volume of 687,137. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 9.29 and a beta of 1.54. The stock's fifty day moving average is $20.95 and its 200 day moving average is $21.33. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.
Urban Edge Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.19 dividend. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, March 14th. Urban Edge Properties's dividend payout ratio is presently 30.49%.
Insider Activity at Urban Edge Properties
In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on UE shares. Evercore ISI decreased their target price on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. StockNews.com downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Friday.
Check Out Our Latest Stock Report on Urban Edge Properties
Urban Edge Properties Company Profile
(
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.
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