Urban Edge Properties (UE) To Go Ex-Dividend on December 13th

Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given 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 2.92%. The ex-dividend date of this dividend is Friday, December 13th.

Urban Edge Properties has raised its dividend payment by an average of 42.8% per year over the last three years. Urban Edge Properties has a dividend payout ratio of 170.0% 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 $1.38 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

UE traded up $0.11 during midday trading on Friday, hitting $23.26. The stock had a trading volume of 9,226 shares, compared to its average volume of 879,913. The company has a market cap of $2.90 billion, a P/E ratio of 10.38 and a beta of 1.54. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.53. The business has a fifty day moving average of $21.51 and a 200 day moving average of $19.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $112.26 million during the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. As a group, equities analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UE shares. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

About Urban Edge Properties

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.