Urban Edge Properties (UE) Scheduled to Post Earnings on Tuesday

Urban Edge Properties (NYSE:UE) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Urban Edge Properties to post earnings of $0.30 per share for the quarter. Urban Edge Properties has set its FY 2024 guidance at 1.200-1.250 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, topping the consensus estimate of $0.31 by $1.57. The company had revenue of $106.25 million for the quarter. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. On average, analysts expect Urban Edge Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $17.00 on Friday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 8.02 and a beta of 1.49. Urban Edge Properties has a one year low of $13.13 and a one year high of $18.79. The company’s fifty day moving average is $16.73 and its two-hundred day moving average is $17.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.00%. Urban Edge Properties’s payout ratio is currently 32.08%.

Insider Transactions at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Urban Edge Properties Company Profile

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.