Urstadt Biddle Properties (NYSE:UBP) Hits New 1-Year High at $19.75

Urstadt Biddle Properties Inc. (NYSE:UBP – Get Rating)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $19.75 and last traded at $19.68, with a volume of 19184 shares trading hands. The stock had previously closed at $15.34.

Urstadt Biddle Properties Trading Down 1.2 %

The business has a fifty day simple moving average of $15.72 and a 200 day simple moving average of $17.04. The stock has a market cap of $765.30 million, a price-to-earnings ratio of 27.41 and a beta of 0.87. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.96 and a current ratio of 3.96.

Urstadt Biddle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Monday, April 3rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Friday, March 31st. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 126.76%.

Institutional Investors Weigh In On Urstadt Biddle Properties

Hedge funds have recently made changes to their positions in the business. First Manhattan Co. boosted its holdings in shares of Urstadt Biddle Properties by 400.0% during the first quarter. First Manhattan Co. now owns 5,000 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in shares of Urstadt Biddle Properties by 28,510.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 13,733 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 13,685 shares during the last quarter. Grace & White Inc. NY boosted its holdings in shares of Urstadt Biddle Properties by 11.8% during the first quarter. Grace & White Inc. NY now owns 45,461 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 4,798 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Urstadt Biddle Properties by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 60,975 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 772 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Urstadt Biddle Properties by 19.2% during the first quarter. Vanguard Group Inc. now owns 264,176 shares of the real estate investment trust’s stock worth $4,586,000 after purchasing an additional 42,597 shares during the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.

Urstadt Biddle Properties Company Profile

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Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership, and management of commercial properties. It operates through the Ridgeway and All Other Operating segments. The company was founded on July 7, 1969 and is headquartered in Greenwich, CT.