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

Urban Edge Properties (NYSE:UE) 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 Down 1.1 %

Shares of NYSE:UE traded down $0.25 during trading on Friday, reaching $21.99. 902,774 shares of the company traded hands, compared to its average volume of 878,418. The company has a current ratio of 1.30, a quick ratio of 2.11 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $22.89. The business’s fifty day moving average is $21.33 and its 200-day moving average is $19.29. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 9.83 and a beta of 1.55.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. As a group, analysts forecast that Urban Edge Properties will post 1.34 EPS for the current 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. The ex-dividend date 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 is presently 30.49%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI boosted their price objective 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. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

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.