Research Analysts Set Expectations for Urban Edge Properties’ FY2019 Earnings (NYSE:UE)

Urban Edge Properties (NYSE:UE) – Equities researchers at Capital One Financial lowered their FY2019 earnings per share (EPS) estimates for shares of Urban Edge Properties in a research report issued on Tuesday, November 12th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $1.17 per share for the year, down from their prior forecast of $1.18. Capital One Financial also issued estimates for Urban Edge Properties’ Q4 2019 earnings at $0.29 EPS.

Several other research firms also recently commented on UE. Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 20th. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Compass Point assumed coverage on shares of Urban Edge Properties in a research note on Thursday, August 15th. They issued a “buy” rating and a $20.00 target price on the stock.

UE stock opened at $20.77 on Friday. The company has a market capitalization of $2.49 billion, a PE ratio of 15.85 and a beta of 0.88. Urban Edge Properties has a one year low of $15.96 and a one year high of $21.74. The company’s 50 day moving average price is $20.44 and its two-hundred day moving average price is $18.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 7.97 and a current ratio of 7.97.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.30 by $0.15. The firm had revenue of $91.24 million for the quarter, compared to the consensus estimate of $94.02 million. Urban Edge Properties had a net margin of 28.69% and a return on equity of 11.11%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s payout ratio is 67.18%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in Urban Edge Properties by 2.1% during the first quarter. First Trust Advisors LP now owns 41,610 shares of the real estate investment trust’s stock worth $791,000 after acquiring an additional 838 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Urban Edge Properties by 5.2% during the second quarter. Retirement Systems of Alabama now owns 156,612 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 7,780 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Urban Edge Properties by 18.0% during the second quarter. Nisa Investment Advisors LLC now owns 30,751 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 4,683 shares during the last quarter. 6 Meridian raised its holdings in Urban Edge Properties by 2.8% during the second quarter. 6 Meridian now owns 25,437 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 696 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Urban Edge Properties by 7.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 48,564 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 3,187 shares during the last quarter. 86.93% of the stock is currently owned by institutional investors.

Urban Edge Properties Company Profile

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 87 properties totaling 16.1 million square feet of gross leasable area.

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Earnings History and Estimates for Urban Edge Properties (NYSE:UE)

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