Urban Edge Properties (NYSE:UE) – Equities researchers at Capital One Financial dropped their FY2019 EPS estimates for Urban Edge Properties in a note issued to investors on Thursday, June 13th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $1.20 for the year, down from their previous forecast of $1.24. Capital One Financial also issued estimates for Urban Edge Properties’ Q4 2019 earnings at $0.30 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.29 EPS, Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $1.16 EPS.
Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.10. Urban Edge Properties had a net margin of 26.64% and a return on equity of 10.84%. The firm had revenue of $97.73 million during the quarter, compared to analyst estimates of $99.43 million.
Several other brokerages also recently weighed in on UE. Evercore ISI downgraded shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating in a research report on Tuesday, February 19th. ValuEngine downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Friday, April 12th.
Shares of UE opened at $17.57 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 13.41 and a beta of 0.92. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 1.54. Urban Edge Properties has a twelve month low of $16.13 and a twelve month high of $23.37.
Several institutional investors and hedge funds have recently made changes to their positions in UE. JPMorgan Chase & Co. grew its position in Urban Edge Properties by 47.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 237,107 shares of the real estate investment trust’s stock worth $5,235,000 after purchasing an additional 76,232 shares during the period. Arizona State Retirement System grew its position in Urban Edge Properties by 1.3% in the 4th quarter. Arizona State Retirement System now owns 82,042 shares of the real estate investment trust’s stock worth $1,364,000 after purchasing an additional 1,079 shares during the period. Rhumbline Advisers grew its position in Urban Edge Properties by 58.1% in the 4th quarter. Rhumbline Advisers now owns 362,392 shares of the real estate investment trust’s stock worth $6,023,000 after purchasing an additional 133,220 shares during the period. Dupont Capital Management Corp bought a new stake in Urban Edge Properties in the 4th quarter worth approximately $178,000. Finally, Victory Capital Management Inc. bought a new stake in Urban Edge Properties in the 4th quarter worth approximately $108,000. 88.95% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, June 13th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 67.18%.
Urban Edge Properties Company Profile
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.
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