Urban Edge Properties (UE) Releases Earnings Results, Meets Expectations

Urban Edge Properties (NYSE:UE) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34, Bloomberg Earnings reports. Urban Edge Properties had a net margin of 25.53% and a return on equity of 13.43%.

Urban Edge Properties (NYSE:UE) traded up $0.01 during trading on Wednesday, reaching $21.19. 675,202 shares of the company’s stock were exchanged, compared to its average volume of 542,690. The company has a debt-to-equity ratio of 1.36, a current ratio of 7.58 and a quick ratio of 7.58. The firm has a market cap of $2,390.17, a price-to-earnings ratio of 21.85 and a beta of 0.43. Urban Edge Properties has a 52-week low of $20.10 and a 52-week high of $28.74.

A number of research analysts have issued reports on UE shares. Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Capital One Financial reissued an “equal weight” rating on shares of Urban Edge Properties in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.00.

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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 for Urban Edge Properties (NYSE:UE)

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