Urban Edge Properties (UE) To Go Ex-Dividend on June 15th

Urban Edge Properties (NYSE:UEGet Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.21 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th.

Urban Edge Properties has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Urban Edge Properties has a payout ratio of 171.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Urban Edge Properties to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 53.5%.

Urban Edge Properties Trading Up 0.4%

Shares of NYSE UE opened at $23.88 on Friday. Urban Edge Properties has a 12 month low of $18.14 and a 12 month high of $24.11. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 27.76 and a beta of 0.98. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $20.56.

Urban Edge Properties (NYSE:UEGet Free Report) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The business had revenue of $132.62 million during the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Sell-side analysts predict that Urban Edge Properties will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UE shares. BTIG Research reissued a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, UBS Group increased their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.80.

View Our Latest Stock Analysis on Urban Edge Properties

Urban Edge Properties Company Profile

(Get Free Report)

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.

See Also

Dividend History for Urban Edge Properties (NYSE:UE)

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