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

Urban Edge Properties (NYSE:UE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.320-1.350 for the period, compared to the consensus estimate of 1.320. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore ISI raised their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Urban Edge Properties Stock Down 1.1 %

Shares of NYSE:UE opened at $21.99 on Friday. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $22.89. The company has a current ratio of 1.30, a quick ratio of 2.11 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average price is $21.33 and its 200-day moving average price is $19.29. The stock has a market capitalization of $2.75 billion, a P/E ratio of 9.86 and a beta of 1.54.

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

Urban Edge Properties Dividend Announcement

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

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.