Urban Edge Properties (NYSE:UE - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors 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 of this dividend is Friday, June 14th.
Urban Edge Properties has increased its dividend by an average of 42.8% per year over the last three years.
Urban Edge Properties Trading Up 0.8 %
Shares of UE traded up $0.14 during mid-day trading on Thursday, hitting $17.14. The company had a trading volume of 1,423,401 shares, compared to its average volume of 896,111. The business's 50-day simple moving average is $16.73 and its 200-day simple moving average is $16.99. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29. Urban Edge Properties has a 1-year low of $13.13 and a 1-year high of $18.79. The stock has a market cap of $2.04 billion, a PE ratio of 8.08 and a beta of 1.49.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The business had revenue of $106.25 million for the quarter. Sell-side analysts forecast that Urban Edge Properties will post 1.27 earnings per share for the current year.
Insider Activity at Urban Edge Properties
In other 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 transaction of $448,187.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.10% of the stock is currently owned by insiders.
Urban Edge Properties Company Profile
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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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