Urstadt Biddle Properties Inc (NYSE:UBP) declared a quarterly dividend on Friday, June 5th, Zacks reports. Investors of record on Friday, July 3rd will be paid a dividend of 0.063 per share by the real estate investment trust on Friday, July 17th. This represents a $0.25 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, July 1st.
Urstadt Biddle Properties has raised its dividend payment by an average of 44.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Urstadt Biddle Properties has a dividend payout ratio of 161.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of UBP opened at $10.10 on Monday. The company has a market cap of $404.66 million, a P/E ratio of 21.49 and a beta of 0.71. The stock has a fifty day moving average price of $10.98 and a 200 day moving average price of $14.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.64 and a quick ratio of 2.64. Urstadt Biddle Properties has a 12 month low of $8.30 and a 12 month high of $19.87.
Urstadt Biddle Properties (NYSE:UBP) last issued its quarterly earnings data on Monday, June 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). Urstadt Biddle Properties had a return on equity of 9.65% and a net margin of 25.43%. The company had revenue of $31.28 million for the quarter.
Separately, ValuEngine raised Urstadt Biddle Properties from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 31st.
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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