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

Urban Edge Properties (NYSE:UE) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 15th.

Urban Edge Properties has decreased its dividend by an average of 0.1%per year 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 155.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Up 1.2%

UE stock traded up $0.24 during midday trading on Friday, hitting $19.67. The company’s stock had a trading volume of 872,424 shares, compared to its average volume of 667,936. The firm has a 50-day simple moving average of $19.37 and a 200-day simple moving average of $19.50. The firm has a market capitalization of $2.48 billion, a P/E ratio of 22.10 and a beta of 1.04. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 1.18. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $22.84.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $120.13 million for the quarter, compared to analyst estimates of $117.85 million. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

About Urban Edge Properties

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.