Urban Edge Properties (NYSE:UE) announced a quarterly dividend on Friday, September 1st, RTT News reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.22 per share by the real estate investment trust on Friday, September 29th. This represents a $0.88 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, September 14th.

Urban Edge Properties has a payout ratio of 64.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Urban Edge Properties to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 59.1%.

Urban Edge Properties (UE) traded down 0.04% during mid-day trading on Wednesday, reaching $25.02. The company’s stock had a trading volume of 96,749 shares. Urban Edge Properties has a one year low of $24.10 and a one year high of $28.90. The stock has a market cap of $2.69 billion, a P/E ratio of 24.63 and a beta of 0.59. The firm’s 50 day moving average is $25.22 and its 200-day moving average is $27.44.

Several equities analysts recently issued reports on UE shares. Evercore ISI lowered shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating and set a $25.00 price objective on the stock. in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Urban Edge Properties from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BidaskClub upgraded shares of Urban Edge Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th.

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Urban Edge Properties Company Profile

Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.

Dividend History for Urban Edge Properties (NYSE:UE)

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