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

Urban Edge Properties (NYSE:UE) announced its earnings results on Wednesday. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 Trading Down 0.2 %

NYSE:UE traded down $0.05 on Wednesday, hitting $20.70. 277,973 shares of the stock were exchanged, compared to its average volume of 758,061. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 9.28 and a beta of 1.54. The company’s 50-day moving average price is $21.05 and its 200 day moving average price is $21.32.

Insider Activity

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI dropped their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note 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.