Urban Edge Properties (NYSE:UE) – Stock analysts at Capital One Financial Corporation dropped their Q3 2017 earnings per share (EPS) estimates for Urban Edge Properties in a note issued to investors on Tuesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.35. Capital One Financial Corporation also issued estimates for Urban Edge Properties’ FY2017 earnings at $1.35 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.56 EPS.

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Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Evercore ISI downgraded shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 target price for the company. in a research note on Monday, August 14th.

Urban Edge Properties (UE) opened at 24.23 on Wednesday. Urban Edge Properties has a 1-year low of $23.13 and a 1-year high of $28.90. The stock’s 50 day moving average price is $24.73 and its 200-day moving average price is $24.90. The company has a market cap of $2.61 billion, a PE ratio of 23.85 and a beta of 0.57.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its position in Urban Edge Properties by 17.7% in the second quarter. Legal & General Group Plc now owns 289,901 shares of the real estate investment trust’s stock valued at $6,882,000 after acquiring an additional 43,649 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Urban Edge Properties by 114.1% in the second quarter. Bank of Montreal Can now owns 37,053 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 19,750 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Urban Edge Properties by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,905 shares of the real estate investment trust’s stock valued at $35,713,000 after buying an additional 52,889 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Urban Edge Properties by 15.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 946,963 shares of the real estate investment trust’s stock valued at $22,472,000 after buying an additional 129,556 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Urban Edge Properties in the second quarter valued at about $1,596,000. 87.23% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.22 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.63%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 87.13%.

About Urban Edge Properties

Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.

Earnings History and Estimates for Urban Edge Properties (NYSE:UE)

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