Urstadt Biddle Properties (UBP) Downgraded by TheStreet to “C+”

TheStreet lowered shares of Urstadt Biddle Properties (NYSE:UBP) from a b rating to a c+ rating in a research report sent to investors on Wednesday.

Separately, ValuEngine raised Urstadt Biddle Properties from a sell rating to a hold rating in a research report on Thursday, August 9th.

Shares of Urstadt Biddle Properties stock opened at $17.00 on Wednesday. The firm has a market cap of $670.57 million and a PE ratio of 12.63. The company has a current ratio of 8.30, a quick ratio of 17.47 and a debt-to-equity ratio of 0.82. Urstadt Biddle Properties has a 12-month low of $15.36 and a 12-month high of $18.92.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Thursday, October 4th.

A hedge fund recently bought a new stake in Urstadt Biddle Properties stock. FNY Investment Advisers LLC purchased a new stake in shares of Urstadt Biddle Properties Inc (NYSE:UBP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,629 shares of the real estate investment trust’s stock, valued at approximately $339,000. Institutional investors own 1.98% of the company’s stock.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 83 properties containing approximately 5.1 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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