Urstadt Biddle Properties Inc (NYSE:UBA) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 495,000 shares, a growth of 31.9% from the May 30th total of 375,200 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 100,300 shares, the days-to-cover ratio is currently 4.9 days.
NYSE UBA opened at $21.21 on Friday. The company has a quick ratio of 8.54, a current ratio of 8.54 and a debt-to-equity ratio of 0.87. The firm has a market cap of $845.45 million, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47. The stock has a fifty day moving average of $21.55. Urstadt Biddle Properties has a 52-week low of $18.50 and a 52-week high of $23.16.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a $0.275 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.10 annualized dividend and a yield of 5.19%. Urstadt Biddle Properties’s dividend payout ratio is 74.83%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Urstadt Biddle Properties by 1.0% in the 4th quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock worth $97,154,000 after purchasing an additional 48,262 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Urstadt Biddle Properties by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 464,779 shares of the real estate investment trust’s stock worth $8,933,000 after purchasing an additional 9,294 shares during the last quarter. Norges Bank acquired a new stake in Urstadt Biddle Properties in the 4th quarter worth $7,309,000. Geode Capital Management LLC grew its position in Urstadt Biddle Properties by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 358,059 shares of the real estate investment trust’s stock worth $6,881,000 after purchasing an additional 14,886 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in Urstadt Biddle Properties by 12.3% in the 1st quarter. Martingale Asset Management L P now owns 257,703 shares of the real estate investment trust’s stock worth $5,320,000 after purchasing an additional 28,201 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.
Several research analysts recently commented on UBA shares. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday. TheStreet downgraded shares of Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd.
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.
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