Urban Edge Properties (NYSE:UE – Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.17 per share by the real estate investment trust on Friday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, June 14th.
Urban Edge Properties has raised its dividend by an average of 42.8% per year over the last three years.
Urban Edge Properties Price Performance
UE traded up $0.14 during trading on Thursday, hitting $17.14. The company’s stock had a trading volume of 1,423,401 shares, compared to its average volume of 887,126. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.02 and a beta of 1.49. The business’s fifty day simple moving average is $16.73 and its 200 day simple moving average is $16.99. Urban Edge Properties has a twelve month low of $13.13 and a twelve month high of $18.79.
Insider Buying and Selling
In related news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by insiders.
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.
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