Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Friday, March 1st, Wall Street Journal reports. Investors of record on Friday, March 15th will be paid a dividend of 0.22 per share by the real estate investment trust on Friday, March 29th. This represents a $0.88 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, March 14th.
Urban Edge Properties has raised its dividend payment by an average of 3.2% annually over the last three years. Urban Edge Properties has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Urban Edge Properties to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 64.2%.
Get Urban Edge Properties alerts:NYSE:UE traded down $0.51 during mid-day trading on Friday, hitting $18.91. 1,760,565 shares of the stock traded hands, compared to its average volume of 892,411. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.44 and a beta of 0.97. Urban Edge Properties has a 52 week low of $16.13 and a 52 week high of $23.37. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 1.54.
Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.27). The company had revenue of $100.92 million during the quarter, compared to the consensus estimate of $95.91 million. Urban Edge Properties had a return on equity of 10.41% and a net margin of 25.39%. As a group, equities analysts forecast that Urban Edge Properties will post 1.29 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Evercore ISI cut shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating in a research report on Tuesday, February 19th. Finally, Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th.
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Urban Edge Properties Company Profile
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 88 properties totaling 16.3 million square feet of gross leasable area.
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