Capital One Financial Weighs on Urban Edge Properties’ Q1 2022 Earnings (NYSE:EU)

Urban Edge Properties (NYSE: EU – Get a rating) – Capital One Financial cut its first-quarter 2022 earnings estimates for Urban Edge Properties shares in a research report released to clients and investors on Thursday, March 17. Capital One Financial analyst C. Lucas now expects the real estate investment trust to earn $0.27 per share for the quarter, down from its previous estimate of $0.31. Capital One Financial also released estimates for Urban Edge Properties fourth quarter 2022 earnings at $0.33, full year 2022 earnings at $1.21 EPS, first quarter 2023 earnings at EPS $0.32, Q2 2023 earnings $0.31, Q3 2023 earnings $0.32 EPS, FY2023 earnings $1.30 EPS . and profit for fiscal year 2024 at $1.38 EPS.

Separately, Zacks Investment Research cut shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a Saturday, March 5 report. One equity research analyst has assigned the stock a sell rating, two have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, Urban Edge Properties has a consensus rating of “Hold” and a consensus price target of $20.94.

NYSE EU shares opened at $18.87 on Monday. The company has a market capitalization of $2.22 billion, a PE ratio of 21.44 and a beta of 1.62. The company’s 50-day moving average price is $18.34. The company has a debt ratio of 1.61, a quick ratio of 3.52 and a current ratio of 3.52. Urban Edge Properties has a 52-week low of $16.18 and a 52-week high of $20.33. Urban Edge Properties (NYSE: EU – Get a rating) last released its quarterly results on Tuesday, February 15. The real estate investment trust reported EPS of $0.36 for the quarter, beating the consensus estimate of $0.07 by $0.29. Urban Edge Properties had a net margin of 24.16% and a return on equity of 10.11%. In the same quarter a year earlier, the company posted earnings per share of $0.23.

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Several hedge funds have recently changed their positions in EU. Comerica Bank increased its holdings in Urban Edge Properties by 0.9% during the second quarter. Comerica Bank now owns 61,921 shares of the real estate investment trust worth $1,121,000 after buying 547 additional shares in the last quarter. Van ECK Associates Corp increased its stake in Urban Edge Properties by 15.6% during the third quarter. Van ECK Associates Corp now owns 5,399 shares of the real estate investment trust worth $99,000 after buying an additional 729 shares in the last quarter. First Trust Advisors LP increased its stake in Urban Edge Properties by 2.1% during the first quarter. First Trust Advisors LP now owns 41,610 shares of the real estate investment trust worth $791,000 after buying 838 more shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Urban Edge Properties by 115.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,824 shares of the real estate investment trust worth $33,000 after buying 977 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Urban Edge Properties by 31.3% during the third quarter. Advisor Group Holdings Inc. now owns 5,336 shares of the real estate investment trust worth $101,000 after buying 1,273 additional shares in the last quarter. 94.14% of the shares are currently held by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 will receive a dividend of $0.16. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Monday, March 14. This is a positive change from Urban Edge Properties’ previous quarterly dividend of $0.15. Urban Edge Properties’ payout ratio is currently 72.73%.

About Urban Edge Properties (Get a rating)

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

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

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