Urban Edge Properties (UE) to Distribute Quarterly Dividend of $0.21 on September 30th

Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Thursday, August 6th. Stockholders 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) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date 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 raised its dividend every year for the last 2 years. Urban Edge Properties has a 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. 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 Performance

NYSE:UE opened at $20.57 on Friday. The stock has a market cap of $2.60 billion, a P/E ratio of 38.10 and a beta of 0.97. The stock has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $21.81. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $122.78 million during the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Research analysts anticipate that Urban Edge Properties will post 1.52 earnings per share for the current year.

About Urban Edge Properties

Urban Edge Properties (NYSE:UE) is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.