Media coverage about Urstadt Biddle Properties (NYSE:UBA) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Urstadt Biddle Properties earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.864708916992 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms recently commented on UBA. Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Friday, June 16th. TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, May 12th. FBR & Co reaffirmed a “mkt perform” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. BidaskClub raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday. Finally, ValuEngine downgraded Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.67.
Urstadt Biddle Properties (NYSE UBA) opened at 20.58 on Friday. The stock has a market cap of $775.91 million, a P/E ratio of 19.75 and a beta of 0.53. The firm’s 50-day moving average price is $20.48 and its 200-day moving average price is $20.55. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43.
Urstadt Biddle Properties declared that its board has initiated a stock buyback program on Friday, June 9th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Wednesday, June 28th. Urstadt Biddle Properties’s payout ratio is 100.95%.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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