22-May-2024
No headlines found.
Urban Edge Properties Reports First Quarter 2024 Results
Business Wire (Tue, 7-May 7:00 AM ET)
Urban Edge Properties Declares a Quarterly Common Dividend of $0.17 per Share
Business Wire (Wed, 1-May 4:15 PM ET)
Urban Edge Properties Invites You to Join Its First Quarter 2024 Earnings Conference Call
Business Wire (Mon, 18-Mar 4:15 PM ET)
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Urban Edge Props trades on the NYSE stock market under the symbol UE.
As of May 22, 2024, UE stock price declined to $17.27 with 540,629 million shares trading.
UE has a beta of 1.44, meaning it tends to be more sensitive to market movements. UE has a correlation of 0.37 to the broad based SPY ETF.
UE has a market cap of $2.05 billion. This is considered a Mid Cap stock.
Last quarter Urban Edge Props reported $110 million in Revenue and $.33 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.03.
In the last 3 years, UE stock traded as high as $20.33 and as low as $12.91.
The top ETF exchange traded funds that UE belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.
UE has outperformed the market in the last year with a return of +29.2%, while the SPY ETF gained +28.1%. However, in the most recent history, UE shares have underperformed the stock market with its stock returning +2.0% in the last 3 month period and +1.3% for the last 2 week period, while SPY has returned +4.7% and +2.4%, respectively.
UE support price is $17.08 and resistance is $17.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UE stock will trade within this expected range on the day.