Urban Edge Properties (UE) To Go Ex-Dividend on March 14th

Urban Edge Properties (NYSE:UE) announced a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, March 14th. This is a 11.8% increase from Urban Edge Properties’s previous quarterly dividend of $0.17.

Urban Edge Properties has raised its dividend payment by an average of 4.3% annually over the last three years. Urban Edge Properties has a dividend payout ratio of 181.0% 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 research analysts expect Urban Edge Properties to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 53.9%.

Urban Edge Properties Trading Down 2.8 %

NYSE:UE opened at $19.07 on Wednesday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 32.32 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company’s 50-day simple moving average is $20.43 and its 200 day simple moving average is $21.38.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UE. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI reduced their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th.

Urban Edge Properties Company Profile

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.