Urstadt Biddle Properties Inc. (NYSE:uba) declared a quarterly dividend on Thursday, September 8th. Shareholders of record on Friday, October 7th will be paid a dividend of 0.26 per share by the real estate investment trust on Friday, October 21st. This represents a $1.04 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, October 5th.
Urstadt Biddle Properties (NYSE:UBA) opened at 22.37 on Friday. The firm’s 50 day moving average price is $22.61 and its 200 day moving average price is $22.30. Urstadt Biddle Properties has a one year low of $18.27 and a one year high of $25.19. The stock has a market cap of $829.55 million, a price-to-earnings ratio of 21.45 and a beta of 0.75.
Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings data on Thursday, September 8th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Urstadt Biddle Properties had a net margin of 45.17% and a return on equity of 14.81%. The company had revenue of $28.30 million for the quarter. Equities analysts forecast that Urstadt Biddle Properties will post $1.18 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of UBA. Guggenheim Capital LLC purchased a new position in shares of Urstadt Biddle Properties during the second quarter worth approximately $190,000. Panagora Asset Management Inc. purchased a new position in shares of Urstadt Biddle Properties during the second quarter worth approximately $195,000. Ingalls & Snyder LLC purchased a new position in shares of Urstadt Biddle Properties during the second quarter worth approximately $325,000. Arizona State Retirement System raised its position in shares of Urstadt Biddle Properties by 1.5% in the second quarter. Arizona State Retirement System now owns 13,752 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 200 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Urstadt Biddle Properties during the second quarter worth approximately $458,000. Institutional investors and hedge funds own 53.65% of the company’s stock.
Several equities analysts recently weighed in on the stock. Deutsche Bank AG lifted their target price on shares of Urstadt Biddle Properties from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 16th. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York.
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