Urstadt Biddle Properties Inc (NYSE:UBA) Short Interest Update

Urstadt Biddle Properties Inc (NYSE:UBA) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 375,200 shares, an increase of 10.9% from the May 15th total of 338,300 shares. Based on an average trading volume of 100,400 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.3% of the shares of the company are sold short.

Shares of Urstadt Biddle Properties stock opened at $21.21 on Friday. Urstadt Biddle Properties has a fifty-two week low of $18.50 and a fifty-two week high of $23.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. The firm has a market capitalization of $845.45 million, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.86 and a beta of 0.47. The company has a 50 day moving average of $21.55.

The business also recently announced 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 dividend on an annualized basis and a yield of 5.19%. Urstadt Biddle Properties’s dividend payout ratio is currently 74.83%.

A number of institutional investors have recently modified their holdings of UBA. Morgan Stanley increased its position in shares of Urstadt Biddle Properties by 17.3% during the 3rd quarter. Morgan Stanley now owns 187,707 shares of the real estate investment trust’s stock valued at $3,997,000 after purchasing an additional 27,676 shares during the period. Rhumbline Advisers grew its holdings in shares of Urstadt Biddle Properties by 19.9% in the 4th quarter. Rhumbline Advisers now owns 91,892 shares of the real estate investment trust’s stock worth $1,766,000 after acquiring an additional 15,280 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Urstadt Biddle Properties by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock worth $1,401,000 after acquiring an additional 616 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Urstadt Biddle Properties in the 4th quarter worth $218,000. Finally, Virginia Retirement Systems ET AL grew its holdings in shares of Urstadt Biddle Properties by 18.2% in the 4th quarter. Virginia Retirement Systems ET AL now owns 39,700 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

A number of brokerages recently issued reports on UBA. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday. TheStreet cut shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd.

Urstadt Biddle Properties Company Profile

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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