Short Interest in Urstadt Biddle Properties Inc (NYSE:UBP) Drops By 45.5%
Urstadt Biddle Properties Inc (NYSE:UBP) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 4,800 shares, a decrease of 45.5% from the April 30th total of 8,800 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is presently 1.3 days.
Shares of UBP stock traded up $0.01 during trading hours on Monday, reaching $17.20. 777 shares of the stock were exchanged, compared to its average volume of 1,335. The stock has a fifty day moving average price of $17.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. Urstadt Biddle Properties has a 12-month low of $14.75 and a 12-month high of $18.50. The stock has a market cap of $685.21 million, a price-to-earnings ratio of 12.37 and a beta of 0.34.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a dividend of $0.245 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.70%.
ILLEGAL ACTIVITY WARNING: “Short Interest in Urstadt Biddle Properties Inc (NYSE:UBP) Drops By 45.5%” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2019/06/17/short-interest-in-urstadt-biddle-properties-inc-nyseubp-drops-by-45-5.html.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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.
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.