ValuEngine upgraded shares of Urstadt Biddle Properties (NYSE:UBP) from a sell rating to a hold rating in a report published on Thursday.

Separately, TheStreet upgraded Urstadt Biddle Properties from a c+ rating to a b- rating in a research note on Thursday, May 31st.

UBP stock traded down $0.33 during trading on Thursday, reaching $17.62. The company’s stock had a trading volume of 735 shares, compared to its average volume of 2,924. Urstadt Biddle Properties has a 1 year low of $15.36 and a 1 year high of $18.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 17.47 and a current ratio of 17.47. The firm has a market capitalization of $711.39 million, a PE ratio of 13.20 and a beta of 0.06.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 20th. Shareholders of record on Friday, July 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 5th. This represents a $0.96 dividend on an annualized basis and a yield of 5.45%.

An institutional investor recently bought a new position in Urstadt Biddle Properties stock. FNY Investment Advisers LLC purchased a new position in Urstadt Biddle Properties Inc (NYSE:UBP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,629 shares of the real estate investment trust’s stock, valued at approximately $339,000. 2.03% of the stock is currently owned by hedge funds and other institutional investors.

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 83 properties containing approximately 5.1 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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