Urstadt Biddle Properties Inc (NYSE:UBP) insider Willing L. Biddle acquired 723 shares of the company’s stock in a transaction on Thursday, April 20th. The stock was acquired at an average price of $17.17 per share, for a total transaction of $12,413.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Urstadt Biddle Properties Inc (NYSE:UBP) traded down 0.7252% during mid-day trading on Friday, reaching $17.0852. The company’s stock had a trading volume of 1,895 shares. The firm has a 50 day moving average price of $17.05 and a 200 day moving average price of $17.81. Urstadt Biddle Properties Inc has a 52-week low of $15.95 and a 52-week high of $22.37. The company has a market cap of $644.09 million, a price-to-earnings ratio of 31.5808 and a beta of 0.23.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, April 3rd were issued a dividend of $0.235 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.94 dividend on an annualized basis and a yield of 5.60%. Urstadt Biddle Properties’s payout ratio is 170.91%.
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Separately, TheStreet lowered Urstadt Biddle Properties from a “b” rating to a “c+” rating in a research note on Monday, April 10th.
About Urstadt Biddle Properties
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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