Urban Edge Properties (UE) to Issue Quarterly Dividend of $0.21 on June 30th

Urban Edge Properties (NYSE:UE) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.21 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, June 15th.

Urban Edge Properties has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Urban Edge Properties has a payout ratio of 171.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Urban Edge Properties to earn $1.57 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 53.5%.

Urban Edge Properties Stock Down 0.0%

Shares of NYSE UE opened at $22.05 on Friday. The company has a market capitalization of $2.78 billion, a P/E ratio of 25.63 and a beta of 0.99. Urban Edge Properties has a 52-week low of $17.46 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The company’s 50 day moving average price is $20.95 and its 200-day moving average price is $20.02.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities analysts forecast that Urban Edge Properties will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,071 shares during the period. Global Retirement Partners LLC lifted its position in shares of Urban Edge Properties by 2,108.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,307 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Urban Edge Properties during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC lifted its position in shares of Urban Edge Properties by 45.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 593 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Urban Edge Properties by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,306 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Urban Edge Properties

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.