Urban Edge Properties Declares Quarterly Dividend of $0.21 (NYSE:UE)

Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 15th will be given 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Urban Edge Properties has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Urban Edge Properties has a dividend 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. 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 Down 0.5%

UE traded down $0.10 during trading on Friday, reaching $21.43. 326,973 shares of the stock were exchanged, compared to its average volume of 932,664. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50 day moving average price is $22.88 and its two-hundred day moving average price is $21.58. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The stock has a market cap of $2.70 billion, a P/E ratio of 24.94 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The firm had revenue of $122.78 million during the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts expect that Urban Edge Properties will post 1.49 EPS for the current year.

Urban Edge Properties Company Profile

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.