Willing L. Biddle Buys 109,542 Shares of Urstadt Biddle Properties Inc (UBP) Stock
Urstadt Biddle Properties Inc (NYSE:UBP) insider Willing L. Biddle bought 109,542 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Urstadt Biddle Properties Inc (NYSE:UBP) opened at $16.85 on Thursday. The firm has a market capitalization of $789.09, a price-to-earnings ratio of 19.15 and a beta of 0.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties Inc has a 12 month low of $15.68 and a 12 month high of $19.60.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, January 4th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 5.70%. Urstadt Biddle Properties’s dividend payout ratio is 106.82%.
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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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