Urban Edge Properties (UE) to Release Quarterly Earnings on Tuesday

Urban Edge Properties (NYSE:UE - Get Free Report) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Urban Edge Properties to post earnings of $0.30 per share for the quarter. Urban Edge Properties has set its FY 2024 guidance at 1.200-1.250 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $1.57. The business had revenue of $106.25 million during the quarter. Urban Edge Properties had a return on equity of 23.62% and a net margin of 59.60%. On average, analysts expect Urban Edge Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Urban Edge Properties Trading Up 0.4 %

NYSE UE traded up $0.06 on Tuesday, hitting $16.74. 605,540 shares of the company were exchanged, compared to its average volume of 881,400. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.42 and a quick ratio of 2.42. Urban Edge Properties has a twelve month low of $13.13 and a twelve month high of $18.79. The firm has a market capitalization of $1.99 billion, a P/E ratio of 7.89 and a beta of 1.49. The company's 50 day moving average price is $16.74 and its 200-day moving average price is $16.98.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.17 dividend. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Thursday, March 14th. Urban Edge Properties's dividend payout ratio (DPR) is 32.08%.

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton III sold 26,333 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Urban Edge Properties Company Profile

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.