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

Urban Edge Properties (NYSE:UE) updated its FY 2024 earnings guidance on Wednesday. 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 Price Performance

Shares of UE stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.11 and a current ratio of 1.30. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $22.89. The firm has a market cap of $2.75 billion, a P/E ratio of 9.86 and a beta of 1.54. The business’s 50 day moving average price is $21.33 and its 200-day moving average price is $19.29.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The business had revenue of $112.26 million for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, equities research analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UE shares. Evercore ISI lifted their price objective on 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 upgraded 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.