Urban Edge Properties (NYSE:UE) Increases Dividend to $0.19 Per Share

Urban Edge Properties (NYSE:UE - Get Free Report) declared a quarterly dividend on Tuesday, February 11th,NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, March 14th. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17.

Urban Edge Properties has increased its dividend payment by an average of 4.3% annually over the last three years. Urban Edge Properties has a payout ratio of 181.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Urban Edge Properties to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 54.3%.

Urban Edge Properties Stock Down 4.1 %

UE stock traded down $0.89 during trading on Friday, reaching $20.73. The stock had a trading volume of 1,201,783 shares, compared to its average volume of 687,137. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $2.59 billion, a P/E ratio of 9.29 and a beta of 1.54. The firm has a fifty day moving average price of $20.95 and a 200 day moving average price of $21.34.

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Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, equities analysts anticipate that Urban Edge Properties will post 1.35 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey S. Olson sold 240,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 1,931 shares of the company's stock, valued at $43,350.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut 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 research note on Tuesday, December 24th. StockNews.com lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Friday.

Urban Edge Properties Company Profile

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.