Urstadt Biddle Properties Inc (UBA) Director Catherine U. Biddle Acquires 109,542 Shares of Stock
Urstadt Biddle Properties Inc (NYSE:UBA) Director Catherine U. Biddle bought 109,542 shares of Urstadt Biddle Properties stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Urstadt Biddle Properties Inc (NYSE:UBA) opened at $21.36 on Wednesday. Urstadt Biddle Properties Inc has a fifty-two week low of $18.32 and a fifty-two week high of $24.52. The company has a market capitalization of $799.50, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.06%. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s dividend payout ratio is presently 120.45%.
UBA has been the topic of several research analyst reports. Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Deutsche Bank reiterated a “hold” rating and set a $23.00 price target (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a “hold” rating and set a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.33.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Urstadt Biddle Properties in the third quarter valued at approximately $183,000. Janney Montgomery Scott LLC purchased a new position in Urstadt Biddle Properties in the third quarter worth approximately $202,000. Stevens Capital Management LP purchased a new position in Urstadt Biddle Properties in the third quarter worth approximately $207,000. Allianz Asset Management GmbH purchased a new position in Urstadt Biddle Properties in the third quarter worth approximately $255,000. Finally, Capital Fund Management S.A. purchased a new position in Urstadt Biddle Properties in the second quarter worth approximately $248,000. 60.09% of the stock is owned by hedge funds and other institutional investors.
About Urstadt Biddle Properties
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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