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

Urban Edge Properties (NYSE:UE) released its earnings results on Wednesday. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25, Zacks reports. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. Urban Edge Properties updated its FY 2025 guidance to 1.370-1.420 EPS.

Urban Edge Properties Stock Down 0.6 %

NYSE:UE traded down $0.13 during trading hours on Wednesday, hitting $20.62. 243,014 shares of the company traded hands, compared to its average volume of 756,006. 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 company has a market cap of $2.57 billion, a PE ratio of 9.25 and a beta of 1.54. The firm’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $21.32. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85.

Insider Activity at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.