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

Urban Edge Properties (NYSE:UE) announced a quarterly dividend on Thursday, August 6th. Shareholders 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 increased its dividend payment 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% indicating that 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 $1.55 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 Trading Down 0.3%

Shares of Urban Edge Properties stock traded down $0.06 during mid-day trading on Friday, hitting $21.48. The stock had a trading volume of 305,587 shares, compared to its average volume of 932,561. The firm has a 50-day moving average of $22.88 and a two-hundred day moving average of $21.58. The firm has a market cap of $2.71 billion, a P/E ratio of 24.97 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. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $122.78 million during the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Sell-side analysts forecast that Urban Edge Properties will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. UBS Group raised their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Urban Edge Properties in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.20.

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.