Urstadt Biddle Properties Inc. (NYSE:UBP) announced a quarterly dividend on Thursday, September 7th, Wall Street Journal reports. Stockholders of record on Friday, October 6th will be paid a dividend of 0.235 per share by the real estate investment trust on Friday, October 20th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Thursday, October 5th.

Urstadt Biddle Properties has increased its dividend payment by an average of 0.7% annually over the last three years.

Shares of Urstadt Biddle Properties (NYSE UBP) traded up 0.70% during midday trading on Thursday, hitting $17.20. The stock had a trading volume of 1,958 shares. Urstadt Biddle Properties has a 52-week low of $15.68 and a 52-week high of $20.49. The company has a market cap of $648.47 million, a PE ratio of 16.51 and a beta of 0.07. The company’s 50 day moving average is $17.28 and its 200 day moving average is $17.16.

Urstadt Biddle Properties announced that its board has authorized a share repurchase program on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of analysts have weighed in on UBP shares. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

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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.

Dividend History for Urstadt Biddle Properties (NYSE:UBP)

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