Urban Edge Properties (NYSE:UE) Releases Earnings Results, Beats Estimates By $0.25 EPS

Urban Edge Properties (NYSE:UE) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25, Zacks reports. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. Urban Edge Properties updated its FY 2025 guidance to 1.370-1.420 EPS.

Urban Edge Properties Trading Up 0.4 %

NYSE UE traded up $0.10 on Thursday, hitting $21.29. The company’s stock had a trading volume of 32,533 shares, compared to its average volume of 764,443. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company’s 50-day simple moving average is $21.02 and its 200 day simple moving average is $21.31. The firm has a market cap of $2.66 billion, a P/E ratio of 9.57 and a beta of 1.54.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 3.57%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analyst Weigh In

Separately, Evercore ISI dropped their target price on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th.

Insider Transactions at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

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.