Streetbeat News

UE

Urban Edge Properties

https://www.uedge.com

Industry

REIT - Diversified

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 78 properties totaling 15.1 million square feet of gross leasable area.

Open

23.26

Mkt cap

2.9B

Volume

609K

High

23.64

P/E Ratio

10.44

52-wk high

23.64

Low

23.18

Div yield

0.03

52-wk low

15.80

Earnings reports for various companies are scheduled for February 14, 2024. The report includes projections for earnings per share and revenue for a wide range of companies across different sectors, including technology, healthcare, industrial, consumer goods, and financial services. Some companies are expected to report losses, while others anticipate profits.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:48 am

Morgan Stanley analyst Ronald Kamdem upgraded Urban Edge Properties (UE) from Underweight to Equal-Weight and increased the price target from $14 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:22 am

Evercore ISI Group analyst Steve Sakwa has downgraded Urban Edge Properties (NYSE:UE) from Outperform to In-Line and set a price target of $18. This change reflects a revised outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:00 pm

Urban Edge Properties has revised its 2023 FFO as adjusted guidance from $1.16-$1.19 to $1.22-$1.25.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:08 am

Urban Edge Props (NYSE:UE) reported Q3 FFO as Adjusted of $0.32 per share, a 6.67% increase from last year. The company also reported quarterly sales of $101.83 million, beating the analyst consensus estimate of $86.12 million by 18.25% and marking a 3.61% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:05 am

Urban Edge Props (NYSE:UE) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.28. The company's past performance shows a mix of EPS estimates and actuals, with the stock price fluctuating accordingly. The shares were trading at $14.47 as of October 27, with a 52-week increase of 4.35%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:01 pm

Urban Edge Properties has raised its FY23 AFFO/share outlook to $1.16 - $1.19, up from the previous $1.14 - $1.18. The company estimates FFO of $1.13 to $1.16 per diluted share, and FFO as Adjusted of $1.16 to $1.19 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:00 am

Urban Edge Props (NYSE:UE) reported Q2 AFFO of $0.30 per share, beating the analyst consensus estimate of $0.28 by 7.14%. The company also reported quarterly sales of $99.06 million, surpassing the analyst consensus estimate of $72.94 million by 35.82%. This represents a 1.24% increase over sales of $97.85 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:59 am

Morgan Stanley analyst Richard Hill has reiterated an Underweight rating on Urban Edge Properties (NYSE:UE) and maintained a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:45 pm

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