Urstadt Biddle Properties (NYSE:UBP) Hits New 1-Year High at $18.90

Urstadt Biddle Properties Inc (NYSE:UBP) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.90 and last traded at $18.70, with a volume of 4098 shares traded. The stock had previously closed at $18.15.

Separately, TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b” rating in a report on Friday, September 6th.

The company’s fifty day moving average price is $17.02 and its 200 day moving average price is $17.02. The company has a market capitalization of $745.20 million, a P/E ratio of 13.05 and a beta of 0.30. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 0.88.



The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $0.245 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.98 dividend on an annualized basis and a yield of 5.24%.

A number of large investors have recently made changes to their positions in UBP. Tower Research Capital LLC TRC increased its stake in Urstadt Biddle Properties by 77.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,174 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 950 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Urstadt Biddle Properties by 665.8% in the second quarter. FNY Investment Advisers LLC now owns 15,224 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 13,236 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Urstadt Biddle Properties by 7.5% in the second quarter. Renaissance Technologies LLC now owns 59,900 shares of the real estate investment trust’s stock valued at $1,024,000 after purchasing an additional 4,200 shares in the last quarter. 1.89% of the stock is currently owned by institutional investors and hedge funds.

Urstadt Biddle Properties Company Profile (NYSE:UBP)

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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