Urban Edge Properties (UE) to Release Quarterly Earnings on Wednesday

Urban Edge Properties (NYSE:UE) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $110.79 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Urban Edge Properties Price Performance

UE opened at $20.42 on Tuesday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.16 and a beta of 1.54. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The business’s fifty day simple moving average is $21.09 and its 200-day simple moving average is $21.31.

Insider Buying and Selling

In related 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 transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares in the company, valued at $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

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 on the stock in a 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.