Urban Edge Properties (NYSE:UE – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.21 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th.
Urban Edge Properties has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Urban Edge Properties has a dividend payout ratio of 171.4% 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 research analysts expect Urban Edge Properties to earn $1.55 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 54.2%.
Urban Edge Properties Stock Up 0.3%
Urban Edge Properties stock opened at $21.59 on Friday. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The stock has a 50 day moving average of $22.87 and a two-hundred day moving average of $21.58. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 39.99 and a beta of 0.98.
About Urban Edge Properties
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.
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