Urstadt Biddle Properties Inc (NYSE:UBP) Short Interest Update
Urstadt Biddle Properties Inc (NYSE:UBP) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 2,200 shares, a decrease of 21.4% from the May 30th total of 2,800 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are short sold.
UBP traded down $0.21 on Friday, hitting $16.77. 1,724 shares of the company were exchanged, compared to its average volume of 3,222. Urstadt Biddle Properties has a 12 month low of $14.75 and a 12 month high of $18.50. The company has a market cap of $676.84 million, a P/E ratio of 12.22 and a beta of 0.31. The company has a current ratio of 8.54, a quick ratio of 8.54 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $17.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.98 annualized dividend and a yield of 5.84%.
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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