Urban Edge Properties (NYSE:UE) Announces Quarterly Earnings Results

Urban Edge Properties (NYSE:UE) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 Stock Performance

UE stock traded up $0.10 during midday trading 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 1 year low of $15.81 and a 1 year high of $23.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average price is $21.02 and its 200 day moving average price is $21.31. The stock has a market cap of $2.66 billion, a price-to-earnings 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 given 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 payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

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

Insider Activity

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

About Urban Edge Properties

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.