Urban Edge Properties (NYSE:UE) released its earnings results on Wednesday. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.08), Fidelity Earnings reports. The firm had revenue of $102.75 million during the quarter, compared to the consensus estimate of $97.44 million. Urban Edge Properties had a net margin of 26.64% and a return on equity of 10.84%.
UE traded up $0.07 during trading on Thursday, reaching $16.80. The stock had a trading volume of 1,427,400 shares, compared to its average volume of 799,544. The stock has a market capitalization of $2.03 billion, a PE ratio of 12.82 and a beta of 0.88. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 1.54. Urban Edge Properties has a one year low of $16.13 and a one year high of $23.37. The firm’s 50-day moving average is $17.23.
Separately, Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th.
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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