Urban Edge Properties (NYSE:UE) Issues FY 2024 Earnings Guidance

Urban Edge Properties (NYSE:UE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.320-1.350 for the period, compared to the consensus earnings per share estimate of 1.320. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms have recently weighed in on UE. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Evercore ISI raised their target price on shares of 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.

Urban Edge Properties Trading Down 1.1 %

Urban Edge Properties stock traded down $0.25 during trading hours on Friday, hitting $21.99. The stock had a trading volume of 902,774 shares, compared to its average volume of 878,418. The business’s 50 day simple moving average is $21.33 and its 200-day simple moving average is $19.29. Urban Edge Properties has a one year low of $15.81 and a one year high of $22.89. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 9.83 and a beta of 1.55. The company has a quick ratio of 2.11, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The business had revenue of $112.26 million during the quarter. On average, equities analysts predict that Urban Edge Properties will post 1.34 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.09%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

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.