Urban Edge Properties (NYSE:UE - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.17 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, December 13th.
Urban Edge Properties has increased its dividend by an average of 42.8% per year over the last three years. Urban Edge Properties has a dividend payout ratio of 170.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Urban Edge Properties to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 49.3%.
Urban Edge Properties Price Performance
Shares of UE traded up $0.34 during trading hours on Friday, reaching $23.49. The company had a trading volume of 862,428 shares, compared to its average volume of 883,844. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.65. The firm has a 50 day simple moving average of $21.51 and a 200-day simple moving average of $19.51. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.38 and a beta of 1.54.
Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $112.26 million during the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. Research analysts expect that Urban Edge Properties will post 1.32 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have commented on UE. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 2nd. Evercore ISI boosted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th.
Read Our Latest Analysis on Urban Edge Properties
About Urban Edge Properties
(
Get Free Report)
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.
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