Urban Edge Properties (NYSE:UE) – Equities researchers at Capital One Financial reduced their Q1 2018 earnings per share (EPS) estimates for Urban Edge Properties in a research note issued on Wednesday, April 11th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.33. Capital One Financial also issued estimates for Urban Edge Properties’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.41 EPS.
Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.47). The firm had revenue of $97.38 million for the quarter, compared to analysts’ expectations of $95.68 million. Urban Edge Properties had a return on equity of 7.70% and a net margin of 16.48%.
Separately, Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Urban Edge Properties presently has a consensus rating of “Hold” and an average target price of $25.00.
Urban Edge Properties stock opened at $20.74 on Friday. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2,417.64, a PE ratio of 15.85 and a beta of 0.50. Urban Edge Properties has a 1-year low of $20.10 and a 1-year high of $27.69.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Urban Edge Properties by 415.5% during the fourth quarter. Advisor Group Inc. now owns 4,841 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 3,902 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Urban Edge Properties in the fourth quarter worth about $200,000. Shelton Capital Management purchased a new stake in Urban Edge Properties in the third quarter worth about $202,000. BB&T Securities LLC purchased a new stake in Urban Edge Properties in the fourth quarter worth about $255,000. Finally, Elkfork Partners LLC purchased a new stake in Urban Edge Properties in the fourth quarter worth about $263,000. Institutional investors own 91.67% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.24%. Urban Edge Properties’s dividend payout ratio is currently 65.67%.
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About Urban Edge Properties
Urban Edge Properties operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties. Its portfolio includes shopping centers, malls, and warehouse parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.
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