Short Interest in Urstadt Biddle Properties Inc (NYSE:UBA) Increases By 8.5%

Urstadt Biddle Properties Inc (NYSE:UBA) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 444,300 shares, an increase of 8.5% from the June 30th total of 409,400 shares. Based on an average daily volume of 88,300 shares, the short-interest ratio is presently 5.0 days. Approximately 1.5% of the shares of the company are short sold.

A number of hedge funds have recently made changes to their positions in UBA. Nisa Investment Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties in the first quarter worth $29,000. FMR LLC grew its stake in shares of Urstadt Biddle Properties by 754.5% in the fourth quarter. FMR LLC now owns 1,709 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,509 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties in the second quarter worth $58,000. Advisor Group Inc. grew its stake in shares of Urstadt Biddle Properties by 59.8% in the fourth quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Urstadt Biddle Properties in the second quarter worth $82,000. Institutional investors own 58.50% of the company’s stock.

UBA stock traded down $0.06 during midday trading on Wednesday, hitting $20.95. 214 shares of the company traded hands, compared to its average volume of 96,366. Urstadt Biddle Properties has a twelve month low of $18.50 and a twelve month high of $23.16. The company has a quick ratio of 8.54, a current ratio of 8.54 and a debt-to-equity ratio of 0.87. The firm’s 50 day simple moving average is $21.25. The company has a market cap of $847.82 million, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47.



The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.10 annualized dividend and a yield of 5.25%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.

Several brokerages have commented on UBA. DA Davidson reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Monday, July 29th. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research downgraded Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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