Urban Edge Properties (UE) to Release Quarterly Earnings on Wednesday
Urban Edge Properties (NYSE:UE) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Shares of 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 has a market cap of $2.61 billion, a PE ratio of 23.85 and a beta of 0.57. The stock has a 50 day moving average of $24.73 and a 200 day moving average of $24.90.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.63%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 87.13%.
A number of equities research analysts have recently commented on the stock. Evercore ISI downgraded shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price target for the company. in a report on Monday, August 14th. BidaskClub upgraded shares of Urban Edge Properties from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
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Urban Edge Properties Company Profile
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.
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