Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.22 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, December 13th.
Shares of NYSE UE traded down $0.64 during mid-day trading on Wednesday, reaching $19.78. 63,792 shares of the company’s stock were exchanged, compared to its average volume of 846,154. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 15.11 and a beta of 0.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 7.97 and a current ratio of 7.97. Urban Edge Properties has a 52-week low of $15.96 and a 52-week high of $21.74. The company’s 50-day moving average is $20.81 and its 200-day moving average is $18.69.
Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The business had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $94.02 million. Urban Edge Properties had a return on equity of 11.11% and a net margin of 28.69%. As a group, equities analysts predict that Urban Edge Properties will post 1.17 earnings per share for the current fiscal year.
About Urban Edge Properties
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.
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