Urstadt Biddle Properties (UBP) Getting Somewhat Favorable News Coverage, Analysis Finds
News headlines about Urstadt Biddle Properties (NYSE:UBP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Urstadt Biddle Properties earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.3059676524204 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Urstadt Biddle Properties (UBP) opened at $17.62 on Friday. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a 1-year low of $15.68 and a 1-year high of $19.12. The company has a market capitalization of $694.12, a price-to-earnings ratio of 19.58 and a beta of 0.07.
The business 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.45%. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. Urstadt Biddle Properties’s payout ratio is 106.67%.
In other Urstadt Biddle Properties news, insider Willing L. Biddle purchased 109,542 shares of the stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of $16.00 per share, with a total value of $1,752,672.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.25% of the company’s stock.
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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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