Urstadt Biddle Properties Inc. (UBA) Announces Quarterly Dividend of $0.23
Urstadt Biddle Properties (NYSE:UBA) declared a quarterly dividend on Thursday, September 4th, American Banking and Market News reports. Investors of record on Friday, October 3rd will be given a dividend of 0.225 per share on Friday, October 17th. This represents a $0.90 dividend on an annualized basis and a yield of 4.12%.
On the ratings front, analysts at Deutsche Bank raised their price target on shares of Urstadt Biddle Properties from $22.00 to $23.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.
Shares of Urstadt Biddle Properties (NYSE:UBA) traded up 0.09% during mid-day trading on Thursday, hitting $21.88. 122,803 shares of the company’s stock traded hands. Urstadt Biddle Properties has a 52 week low of $18.00 and a 52 week high of $22.00. The stock’s 50-day moving average is $20.99 and its 200-day moving average is $20.59. The company has a market cap of $678.7 million and a P/E ratio of 25.90.
Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Monday, June 9th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $26.00 million for the quarter, compared to the consensus estimate of $25.50 million. On average, analysts predict that Urstadt Biddle Properties will post $1.13 earnings per share for the current fiscal year.
Urstadt Biddle Properties Inc, is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate.