Urstadt Biddle Properties Inc (NYSE:UBP) Sees Large Increase in Short Interest

Urstadt Biddle Properties Inc (NYSE:UBP) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 22,000 shares, an increase of 13.4% from the June 30th total of 19,400 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 4.2 days.

NYSE:UBP opened at $8.51 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.64 and a current ratio of 2.64. The company has a market cap of $340.95 million, a PE ratio of 18.11 and a beta of 0.71. Urstadt Biddle Properties has a 52-week low of $8.30 and a 52-week high of $19.87. The stock has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $12.95.

Urstadt Biddle Properties (NYSE:UBP) last posted its quarterly earnings data on Monday, June 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). The firm had revenue of $31.28 million for the quarter. Urstadt Biddle Properties had a return on equity of 9.65% and a net margin of 25.43%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 3rd were issued a dividend of $0.063 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.96%.

An institutional investor recently raised its position in Urstadt Biddle Properties stock. Renaissance Technologies LLC increased its position in shares of Urstadt Biddle Properties Inc (NYSE:UBP) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,300 shares of the real estate investment trust’s stock after buying an additional 5,100 shares during the quarter. Renaissance Technologies LLC owned 0.19% of Urstadt Biddle Properties worth $1,536,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.15% of the company’s stock.

Separately, ValuEngine raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd.

Urstadt Biddle Properties Company Profile

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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