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

Urban Edge Properties (NYSE:UE) is set to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce 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 interested in participating in the company’s earnings conference call can do so using this link.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, beating the consensus estimate of $0.31 by $1.57. The business 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 Stock Performance

Urban Edge Properties stock opened at $16.68 on Tuesday. 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 has a fifty-two week low of $13.13 and a fifty-two week high of $18.79. The stock has a fifty day moving average of $16.76 and a two-hundred day moving average of $16.97. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 7.87 and a beta of 1.49.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.16. Urban Edge Properties’s dividend payout ratio (DPR) is currently 32.08%.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total transaction of $448,187.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.30% 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.