Urban Edge Properties (NYSE:UE) – Research analysts at Capital One Financial lowered their FY2019 EPS estimates for shares of Urban Edge Properties in a report released on Thursday, June 13th, Zacks Investment Research reports. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $1.20 per share for the year, down from their prior 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 quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. The business had revenue of $97.73 million during the quarter, compared to the consensus estimate of $99.43 million. Urban Edge Properties had a return on equity of 10.84% and a net margin of 26.64%.
Separately, Zacks Investment Research downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Friday, April 12th.
Shares of UE stock traded up $0.01 on Friday, reaching $17.33. 2,341,122 shares of the stock were exchanged, compared to its average volume of 679,275. The stock has a market cap of $2.09 billion, a PE ratio of 13.23 and a beta of 0.92. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 1.54. The stock’s 50 day moving average price is $17.78. Urban Edge Properties has a 1-year low of $16.13 and a 1-year high of $23.37.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pearl River Capital LLC increased its holdings in Urban Edge Properties by 380.0% in the 1st quarter. Pearl River Capital LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,900 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Urban Edge Properties in the 1st quarter valued at $73,000. PNC Financial Services Group Inc. increased its holdings in Urban Edge Properties by 44.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,171 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,282 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in Urban Edge Properties by 56.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Urban Edge Properties in the 4th quarter valued at $108,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.88 annualized dividend and a yield of 5.08%. Urban Edge Properties’s dividend payout ratio is currently 67.18%.
About Urban Edge Properties
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.