Urstadt Biddle Properties Inc (NYSE:UBA) had declared a cash dividend of $0.2600 on Jun 7, 2016. The shares will quote ex-dividend on Jun 29, 2016 and the record date has been fixed on Jul 1, 2016. At Jun 7, 2016 share price, the yield comes out to be 4.7860%. The dividend payable date has been fixed on Jul 15, 2016.
In a different note, On Mar 24, 2016, Deutsche Bank said it Maintains its rating on Urstadt Biddle Properties Inc. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm.
Urstadt Biddle Properties Inc (UBA) remained unchanged at the close of Friday session. Even as the volume increased to 66,944 ,the shares failed to make any impression and ended at 0 points or 0.00% at $23.13. The trading session commenced at $23.02 and the stock hit a high of $23.23 and touched $22.86 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $23.25 and the 52-week low is $17.33. The company has a market cap of $832 M and has approximately 3,59,72,535 outstanding shares.
Urstadt Biddle Properties Inc(UBA) last announced its earnings results on Jun 7, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $29.17M. Analysts had an estimated revenue of $26.63M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.27.
Several Insider Transactions has been reported to the SEC. On Apr 18, 2016, Thomas D Myers (EVP, Counsel & Secretary) sold 5,000 shares at $21.00 per share price.Also, On Apr 18, 2016, Charles J Urstadt (Chairman) purchased 5,000 shares at $21.00 per share price.On Apr 8, 2016, Stephan A Rapaglia (SVP and COO) sold 3,000 shares at $20.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Urstadt Biddle Properties Inc. is a self-administered real estate investment trust engaged in the acquisition ownership and management of commercial real estate. The Company’s sole business is the ownership of real estate investments which consist principally of investments in income-producing properties with primary emphasis on properties in the northeastern part of the United States with a concentration in the metropolitan New York tri-state area outside of the City of New York. As of October 31 2014 the Company owned or had equity interests in 70 properties consisting of neighborhood and community shopping centers office buildings single tenant retail or restaurant properties and office/retail mixed use properties located in four states throughout the United States containing a total of 4.8 million square feet of gross leasable area (GLA). Its 70 properties consists of 62 retail properties seven office buildings and one mixed use office/retail property.