Urban Edge Properties (UE) Announces Earnings Results
Urban Edge Properties (NYSE:UE) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01), Bloomberg Earnings reports. Urban Edge Properties had a return on equity of 16.72% and a net margin of 27.04%.
A number of equities research analysts have commented on the company. Evercore ISI lowered Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price objective for the company. in a research report on Monday, August 14th. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, BidaskClub raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.
About Urban Edge Properties
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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