Media coverage about Urban Edge Properties (NYSE:UE) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Urban Edge Properties earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.0679755509159 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of UE stock opened at $20.85 on Wednesday. Urban Edge Properties has a twelve month low of $20.10 and a twelve month high of $27.69. The company has a market capitalization of $2,434.71, a P/E ratio of 32.08 and a beta of 0.52. The company has a current ratio of 8.72, a quick ratio of 8.72 and a debt-to-equity ratio of 1.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 4.22%. Urban Edge Properties’s payout ratio is 135.39%.
Separately, Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.00.
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Urban Edge Properties Company Profile
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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