Urban Edge Properties (NYSE:UE) Updates FY 2025 Earnings Guidance

Key Points

• Urban Edge Properties has updated its FY 2025 earnings guidance, projecting earnings per share between $1.400 and $1.440, which aligns with the consensus estimate of $1.400.
• The company's stock was recently downgraded from a "hold" rating to a "sell" rating by Wall Street Zen.
• Urban Edge Properties declared a quarterly dividend of $0.19 per share, resulting in an annualized dividend yield of 3.81%.

Urban Edge Properties (NYSE:UE - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.400-1.440 for the period, compared to the consensus earnings per share estimate of 1.400. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

Urban Edge Properties Stock Down 1.6%

Shares of UE traded down $0.32 during midday trading on Friday, reaching $19.40. The stock had a trading volume of 69,158 shares, compared to its average volume of 956,203. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company's fifty day simple moving average is $18.83 and its two-hundred day simple moving average is $19.05. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 23.02 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.29.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. The business had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.99 million. Equities research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is currently 90.48%.

Insider Buying and Selling

In related news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Edge Properties

Several hedge funds and other institutional investors have recently bought and sold shares of UE. Jane Street Group LLC acquired a new stake in Urban Edge Properties during the 1st quarter worth $5,076,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Urban Edge Properties by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust's stock worth $16,567,000 after acquiring an additional 58,350 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Urban Edge Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust's stock worth $1,424,000 after acquiring an additional 3,276 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Urban Edge Properties

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.