Urstadt Biddle Properties Inc. (UBP) To Go Ex-Dividend on July 1st

Urstadt Biddle Properties Inc. (NYSE:UBP) declared a quarterly dividend on Tuesday, June 8th, Wall Street Journal reports. Investors of record on Friday, July 2nd will be paid a dividend of 0.207 per share by the real estate investment trust on Friday, July 16th. This represents a $0.83 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Thursday, July 1st. This is a positive change from Urstadt Biddle Properties’s previous quarterly dividend of $0.13.

Shares of Urstadt Biddle Properties stock opened at $15.84 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a 50-day simple moving average of $14.76. The company has a market cap of $638.52 million, a price-to-earnings ratio of 75.45 and a beta of 1.11. Urstadt Biddle Properties has a 1 year low of $8.18 and a 1 year high of $15.95.

Urstadt Biddle Properties (NYSE:UBP) last issued its quarterly earnings results on Thursday, March 11th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Urstadt Biddle Properties had a net margin of 17.05% and a return on equity of 6.25%.

An institutional investor recently raised its position in Urstadt Biddle Properties stock. Morgan Stanley raised its position in shares of Urstadt Biddle Properties Inc. (NYSE:UBP) by 11.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,403 shares of the real estate investment trust’s stock after purchasing an additional 1,244 shares during the quarter. Morgan Stanley’s holdings in Urstadt Biddle Properties were worth $170,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.54% of the company’s stock.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 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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Dividend History for Urstadt Biddle Properties (NYSE:UBP)

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