Urban edge properties (NYSE: EU – Get a rating) – Capital One Financial lowered its fourth quarter 2022 earnings per share (EPS) estimate for Urban Edge Properties in a research report released Monday, April 25. Capital One Financial analyst C. Lucas now expects the real estate investment trust to post earnings of $0.32 per share for the quarter, down from its previous forecast of $0.33. Capital One Financial also released Urban Edge Properties earnings estimates for the fourth quarter of 2023 at $0.33 EPS.
Several other stock analysts also weighed in on the company. StockNews.com launched coverage on Urban Edge Properties in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Zacks Investment Research downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a report released Tuesday. Two investment analysts have assigned the stock a sell rating, one has assigned a hold rating and two have assigned the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.94.
EU opened at $18.91 on Thursday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a leverage ratio of 1.61. The company has a market capitalization of $2.22 billion, a P/E ratio of 21.49 and a beta of 1.62. Urban Edge Properties has a 52-week low of $16.61 and a 52-week high of $20.33. The company’s fifty-day simple moving average is $18.74 and its 200-day simple moving average is $18.53.
Urban edge properties (NYSE: EU – Get a rating) last released its quarterly results on Wednesday, February 16. The real estate investment trust reported earnings per share (EPS) of $0.36 for the quarter, beating the Zacks consensus estimate of $0.27 by $0.09. Urban Edge Properties had a net margin of 24.16% and a return on equity of 10.11%. The company posted revenue of $128.58 million in the quarter, versus a consensus estimate of $94.98 million. During the same period last year, the company achieved EPS of $0.23.
A number of institutional investors have recently increased or reduced their stake in the company. Invesco Ltd. increased its stake in shares of Urban Edge Properties by 22.9% in Q3. Invesco Ltd. now owns 8,118,864 shares of the real estate investment trust worth $148,657,000 after purchasing an additional 1,510,700 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Urban Edge Properties by 50.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,456,635 shares of the real estate investment trust worth $65,677,000 after purchasing an additional 1,156,107 shares in the last quarter. Morgan Stanley increased its stake in shares of Urban Edge Properties by 1,541.7% in the 2nd quarter. Morgan Stanley now owns 1,218,985 shares of the real estate investment trust worth $23,282,000 after buying an additional 1,144,735 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Urban Edge Properties by 114.1% in Q3. Cramer Rosenthal Mcglynn LLC now owns 2,130,951 shares of the real estate investment trust worth $39,018,000 after purchasing an additional 1,135,545 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Urban Edge Properties in the 4th quarter for a value of approximately $20,850,000. 94.14% of the shares are currently held by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Tuesday, March 15 received a dividend of $0.16. The ex-dividend date was Monday, March 14. This is an increase from Urban Edge Properties’ previous quarterly dividend of $0.15. This represents an annualized dividend of $0.64 and a yield of 3.38%. Urban Edge Properties’ dividend payout ratio (DPR) is currently 72.73%.
Corporate Profile Urban Edge Properties (Get a rating)
Urban Edge Properties is a NYSE-listed real estate investment trust focused on the management, acquisition, development and redevelopment of commercial real estate in urban communities, primarily in the New York metropolitan area. Urban Edge has 78 properties totaling 15.1 million square feet of gross leasable area.
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