Urban Edge Properties (UE) Announces Dividend of $0.20

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Urban Edge Properties (NYSE:UE) declared a dividend on Friday, September 9th. Stockholders of record on Monday, September 19th will be paid a dividend of 0.20 per share by the real estate investment trust on Friday, September 30th. The ex-dividend date of this dividend is Thursday, September 15th.
Urban Edge Properties (NYSE:UE) traded down 4.05% on Friday, hitting $27.75. 730,962 shares of the stock traded hands. The stock has a market capitalization of $2.76 billion, a P/E ratio of 32.84 and a beta of 0.50. Urban Edge Properties has a 12-month low of $19.75 and a 12-month high of $30.29. The company’s 50 day moving average price is $29.19 and its 200-day moving average price is $27.26.
Several brokerages have recently issued reports on UE. Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG cut shares of Urban Edge Properties from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, August 4th.

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About Urban Edge Properties
Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers.

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