Q1 2018 EPS Estimates for Urban Edge Properties (UE) Lowered by Capital One Financial

Urban Edge Properties (NYSE:UE) – Stock analysts at Capital One Financial reduced their Q1 2018 EPS estimates for shares of Urban Edge Properties in a research report issued on Wednesday, April 11th, according to Zacks Investment Research. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their previous 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.

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Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.47). The firm had revenue of $97.38 million for the quarter, compared to analyst estimates 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 cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.00.

Shares of Urban Edge Properties stock opened at $20.46 on Friday. The firm has a market cap of $2,388.04, a price-to-earnings ratio of 15.66 and a beta of 0.50. Urban Edge Properties has a 52 week low of $20.10 and a 52 week high of $27.69. The company has a debt-to-equity ratio of 1.58, a current ratio of 8.72 and a quick ratio of 8.72.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Urban Edge Properties by 3.3% in the 4th quarter. BlackRock Inc. now owns 13,842,208 shares of the real estate investment trust’s stock valued at $352,838,000 after buying an additional 441,922 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Urban Edge Properties by 37.7% in the 4th quarter. Bank of New York Mellon Corp now owns 4,839,278 shares of the real estate investment trust’s stock valued at $123,353,000 after buying an additional 1,325,314 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Urban Edge Properties by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,471,941 shares of the real estate investment trust’s stock valued at $35,504,000 after buying an additional 33,899 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Urban Edge Properties by 9.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,195,596 shares of the real estate investment trust’s stock valued at $30,476,000 after buying an additional 101,310 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Urban Edge Properties by 6.6% in the 4th quarter. Schroder Investment Management Group now owns 1,106,632 shares of the real estate investment trust’s stock valued at $28,208,000 after buying an additional 68,456 shares in the last quarter. Institutional investors and hedge funds own 91.67% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Wednesday, March 14th. 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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Earnings History and Estimates for Urban Edge Properties (NYSE:UE)

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