Urstadt Biddle Properties (NYSE:UBP) Shares Gap Up to $18.93

Urstadt Biddle Properties Inc. (NYSE:UBPGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $18.93, but opened at $19.60. Urstadt Biddle Properties shares last traded at $19.36, with a volume of 161 shares traded.

Analyst Ratings Changes

Separately, TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 20th.

Urstadt Biddle Properties Stock Performance

The business has a 50 day simple moving average of $18.04 and a 200 day simple moving average of $17.00. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $772.31 million, a PE ratio of 29.62 and a beta of 0.91.

Urstadt Biddle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.2145 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Thursday, September 29th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.21. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 132.31%.

Institutional Investors Weigh In On Urstadt Biddle Properties

A number of institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Urstadt Biddle Properties in the 1st quarter valued at about $108,000. Vanguard Group Inc. grew its holdings in shares of Urstadt Biddle Properties by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 353,937 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 46,533 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 acquiring an additional 772 shares during the period. BNP Paribas Arbitrage SNC lifted its stake in 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 buying an additional 13,685 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in shares of Urstadt Biddle Properties by 400.0% during 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. 1.87% of the stock is owned by institutional investors and hedge funds.

Urstadt Biddle Properties Company Profile

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Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 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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