Urstadt Biddle Properties (UBP) Lifted to Buy at ValuEngine
Urstadt Biddle Properties (NYSE:UBP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
Urstadt Biddle Properties (NYSE UBP) traded up $0.15 during midday trading on Friday, hitting $17.68. The stock had a trading volume of 468 shares, compared to its average volume of 3,258. The firm has a market capitalization of $690.58, a price-to-earnings ratio of 19.64 and a beta of 0.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties has a 52 week low of $15.68 and a 52 week high of $18.92.
In other news, insider Willing L. Biddle bought 109,542 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.25% of the stock is currently owned by company insiders.
Urstadt Biddle Properties Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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