Urban Edge Properties (UE) to Post Q1 2018 Earnings of $0.32 Per Share, Capital One Forecasts

Urban Edge Properties (NYSE:UE) – Capital One cut their Q1 2018 EPS estimates for shares of Urban Edge Properties in a report released on Wednesday, April 11th, according to Zacks Investment Research. Capital One analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.32 for the quarter, down from their previous forecast of $0.33. Capital One also issued estimates for Urban Edge Properties’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.41 EPS.

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Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.47). The company had revenue of $97.38 million during the quarter, compared to analyst estimates of $95.68 million. Urban Edge Properties had a net margin of 16.48% and a return on equity of 7.70%.

Separately, Zacks Investment Research upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Urban Edge Properties presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Shares of NYSE UE opened at $20.12 on Friday. The firm has a market capitalization of $2,388.04, a PE ratio of 15.01 and a beta of 0.50. The company has a debt-to-equity ratio of 1.58, a quick ratio of 8.72 and a current ratio of 8.72. Urban Edge Properties has a 12-month low of $20.06 and a 12-month high of $27.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 14th. Urban Edge Properties’s dividend payout ratio is presently 65.67%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Urban Edge Properties by 3.3% in the fourth quarter. BlackRock Inc. now owns 13,842,208 shares of the real estate investment trust’s stock valued at $352,838,000 after buying an additional 441,922 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Urban Edge Properties by 37.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,839,278 shares of the real estate investment trust’s stock valued at $123,353,000 after buying an additional 1,325,314 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Urban Edge Properties by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,471,941 shares of the real estate investment trust’s stock valued at $35,504,000 after buying an additional 33,899 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Urban Edge Properties by 9.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,195,596 shares of the real estate investment trust’s stock valued at $30,476,000 after buying an additional 101,310 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Urban Edge Properties by 6.6% in the fourth quarter. Schroder Investment Management Group now owns 1,106,632 shares of the real estate investment trust’s stock valued at $28,208,000 after buying an additional 68,456 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.

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Urban Edge Properties Company Profile

Urban Edge Properties operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties. Its portfolio includes shopping centers, malls, and warehouse parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.

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Earnings History and Estimates for Urban Edge Properties (NYSE:UE)

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