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

Urban Edge Properties (NYSE:UE) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating 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 Price Performance

UE traded down $0.05 during midday trading on Wednesday, reaching $20.70. 277,973 shares of the company’s stock were exchanged, compared to its average volume of 758,061. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 9.28 and a beta of 1.54. The business has a 50-day simple moving average of $21.05 and a two-hundred day simple moving average of $21.32. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Insider Transactions at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the sale, the chief executive officer now owns 1,931 shares in the company, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.