Third Quarter 2021 Profit Estimate for Urban Edge Properties (NYSE: EU) released by Capital One Financial
Urban Edge Properties (NYSE: EU) – Capital One Financial increased its earnings per share estimate for the third quarter of 2021 for shares of Urban Edge Properties in a note to investors on Wednesday, June 30. Capital One Financial analyst C. Lucas now predicts the REIT will earn $ 0.28 per share for the quarter, up from its previous estimate of $ 0.25. Capital One Financial has an “Equal Weight” rating on the stock. Capital One Financial also released Urban Edge Properties earnings estimates in Q4 2021 at $ 0.28 per share, Q1 2022 earnings at $ 0.28 per share, Q2 2022 earnings at $ 0.29. per share, fourth quarter 2022 earnings at $ 0.31 per share, 2022 fiscal earnings at $ 1.17 per share, 2023 first quarter earnings at $ 0.30 EPS and 2023 fiscal earnings at 1 , $ 24 BPA.
Several other stock analysts have also weighed on the company recently. Zacks Investment Research downgraded Urban Edge Properties from a “hold” rating to a “buy” rating and set a price target of $ 21.00 for the company in a report released on Tuesday, June 22. Morgan Stanley raised its price target on Urban Edge Properties from $ 17.25 to $ 18.75 and rated the stock “underweight” in a report released on Friday, June 11. One investment analyst assigned a sell rating to the stock, another assigned a conservation rating, and two assigned a buy rating to the stock. Urban Edge Properties has an average “Hold” rating and an average price target of $ 16.94.
EU opened at $ 19.36 on Friday. Urban Edge Properties has a 12 month low of $ 8.99 and a 12 month high of $ 20.33. The company has a debt to equity ratio of 1.58, a rapid ratio of 6.33 and a current ratio of 6.33. The company has a fifty-day moving average price of $ 19.26. The company has a market cap of $ 2.27 billion, a P / E ratio of 35.20 and a beta of 1.77. Urban Edge Properties (NYSE: EU) last released its quarterly earnings data on Sunday, May 2. The real estate investment trust reported earnings per share (EPS) of $ 0.17 for the quarter, beating analyst consensus estimates of $ 0.01 by $ 0.16. The company posted revenue of $ 94.62 million in the quarter, compared to a consensus estimate of $ 88.14 million. Urban Edge Properties recorded a return on equity of 6.35% and a net margin of 19.35%.
Several hedge funds have recently bought and sold shares in the company. BlackRock Inc. increased its position in Urban Edge Properties shares by 5.6% during the 1st quarter. BlackRock Inc. now owns 16,162,340 Real Estate Investment Trust shares valued at $ 267,002,000 after purchasing an additional 859,981 shares last quarter. Resolution Capital Ltd increased its stake in Urban Edge Properties by 25.2% in the 4th quarter. Resolution Capital Ltd now owns 10,844,617 Real Estate Investment Trust shares valued at $ 140,329,000 after purchasing an additional 2,180,058 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Urban Edge Properties by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,692,584 real estate investment trust shares worth $ 44,480,000 after purchasing an additional 8,029 shares in the last quarter. Geode Capital Management LLC increased its stake in Urban Edge Properties by 7.9% in the 1st quarter. Geode Capital Management LLC now owns 2,200,340 real estate investment trust shares worth $ 36,349,000 after purchasing an additional 160,200 shares during the last quarter. Finally, Norges Bank acquired a new position in Urban Edge Properties in the 4th quarter for a value of approximately $ 20,510,000. 92.26% of the shares are currently held by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Tuesday, June 15 received a dividend of $ 0.15 per share. The ex-dividend date of this dividend was Monday June 14. This represents a dividend of $ 0.60 on an annualized basis and a dividend yield of 3.10%. Urban Edge Properties’ payout ratio is currently 68.18%.
Urban Edge Properties Company Profile
Urban Edge Properties is a NYSE-listed real estate investment trust that focuses on the management, acquisition, development and redevelopment of commercial real estate in urban communities, primarily in the New York metropolitan area. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.
See also: Intrinsic value
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