Urstadt Biddle Properties Inc (NYSE:UBP) Chairman Charles J. Urstadt bought 14,410 shares of Urstadt Biddle Properties stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average cost of $19.15 per share, for a total transaction of $275,951.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NYSE UBP opened at $16.85 on Friday. Urstadt Biddle Properties Inc has a 52 week low of $15.36 and a 52 week high of $18.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.49 and a current ratio of 4.49. The firm has a market cap of $649.29, a PE ratio of 13.88 and a beta of 0.09.
Urstadt Biddle Properties (NYSE:UBP) last posted its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 EPS for the quarter. The business had revenue of $33.00 million for the quarter. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.96 annualized dividend and a yield of 5.70%.
A number of research firms have recently commented on UBP. ValuEngine raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. TheStreet cut shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th.
An institutional investor recently raised its position in Urstadt Biddle Properties stock. Vanguard Group Inc. boosted its stake in Urstadt Biddle Properties Inc (NYSE:UBP) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,739 shares of the real estate investment trust’s stock after acquiring an additional 30,857 shares during the period. Vanguard Group Inc. owned 0.68% of Urstadt Biddle Properties worth $4,412,000 at the end of the most recent reporting period. 2.24% of the stock is owned by hedge funds and other institutional investors.
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Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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