Urban Edge Properties Expected to Post Q1 2021 Earnings of $0.28 Per Share (NYSE:UE)

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Urban Edge Properties (NYSE:UE) – Capital One Financial issued their Q1 2021 earnings per share (EPS) estimates for Urban Edge Properties in a report issued on Thursday, August 1st. Capital One Financial analyst C. Lucas expects that the real estate investment trust will post earnings per share of $0.28 for the quarter. Capital One Financial also issued estimates for Urban Edge Properties’ Q2 2021 earnings at $0.29 EPS.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). Urban Edge Properties had a return on equity of 8.19% and a net margin of 20.02%. The firm had revenue of $102.75 million for the quarter, compared to analysts’ expectations of $97.44 million.

Separately, Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th.

NYSE UE opened at $16.54 on Monday. Urban Edge Properties has a twelve month low of $15.96 and a twelve month high of $23.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.74 and a current ratio of 6.74. The stock has a market cap of $2.02 billion, a PE ratio of 12.63 and a beta of 0.88. The business’s 50 day moving average price is $17.14.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Urban Edge Properties by 0.9% during the second quarter. Wells Fargo & Company MN now owns 215,909 shares of the real estate investment trust’s stock valued at $3,742,000 after purchasing an additional 1,869 shares during the last quarter. Hill Winds Capital LP lifted its holdings in Urban Edge Properties by 71.4% in the second quarter. Hill Winds Capital LP now owns 420,000 shares of the real estate investment trust’s stock valued at $7,279,000 after buying an additional 175,000 shares during the period. Swiss National Bank lifted its holdings in Urban Edge Properties by 2.2% in the second quarter. Swiss National Bank now owns 212,809 shares of the real estate investment trust’s stock valued at $3,688,000 after buying an additional 4,500 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Urban Edge Properties by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 52,734 shares of the real estate investment trust’s stock valued at $914,000 after buying an additional 952 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Urban Edge Properties by 5.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 21,930 shares of the real estate investment trust’s stock valued at $380,000 after buying an additional 1,090 shares during the period. Institutional investors and hedge funds own 88.83% of the company’s stock.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.

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

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