Urstadt Biddle Properties (NYSE:UBP) Shares Gap Down to $19.70

Shares of Urstadt Biddle Properties Inc. (NYSE:UBP – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $19.70, but opened at $19.20. Urstadt Biddle Properties shares last traded at $19.80, with a volume of 10,787 shares trading hands.

Urstadt Biddle Properties Trading Down 1.2 %

The firm has a market capitalization of $765.36 million, a price-to-earnings ratio of 27.41 and a beta of 0.87. The firm’s 50 day moving average is $15.72 and its 200 day moving average is $17.04. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.00.

Urstadt Biddle Properties Announces Dividend

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

Institutional Trading of Urstadt Biddle Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBP. Vanguard Group Inc. lifted its stake in Urstadt Biddle Properties by 15.1% during the third quarter. Vanguard Group Inc. now owns 353,937 shares of the real estate investment trust’s stock valued at $5,585,000 after purchasing an additional 46,533 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its position in shares of Urstadt Biddle Properties by 28,510.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 13,733 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 13,685 shares in the last quarter. Grace & White Inc. NY boosted its stake in Urstadt Biddle Properties by 11.8% in the 1st 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 period. First Manhattan Co. boosted its stake in Urstadt Biddle Properties by 400.0% in the 1st 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 period. Finally, Dimensional Fund Advisors LP boosted its stake in Urstadt Biddle Properties by 1.3% in the 1st 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 period. 2.01% of the stock is owned by institutional investors and hedge funds.

About Urstadt Biddle Properties

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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.