Urban Edge Properties (UE) Set to Announce Earnings on Wednesday

Urban Edge Properties (NYSE:UE) will release its earnings data after the market closes on Wednesday, October 31st. Analysts expect Urban Edge Properties to post earnings of $0.34 per share for the quarter.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.13. The firm had revenue of $101.97 million for the quarter, compared to analysts’ expectations of $98.47 million. Urban Edge Properties had a net margin of 19.70% and a return on equity of 7.67%. On average, analysts expect Urban Edge Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

UE opened at $20.60 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 7.69 and a current ratio of 7.69. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.37 and a beta of 0.50. Urban Edge Properties has a twelve month low of $19.51 and a twelve month high of $26.19.

Separately, Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

Read More: Risk Tolerance

Earnings History for Urban Edge Properties (NYSE:UE)

Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply