Urstadt Biddle Properties Inc (UBP) Downgraded by TheStreet to C+

TheStreet downgraded shares of Urstadt Biddle Properties Inc (NYSE:UBP) from a b rating to a c+ rating in a research report released on Monday morning.

Urstadt Biddle Properties (NYSE:UBP) traded down 1.73% during mid-day trading on Monday, reaching $17.00. The company’s stock had a trading volume of 4,054 shares. The stock has a market cap of $640.88 million, a P/E ratio of 31.42 and a beta of 0.23. The firm’s 50 day moving average is $17.17 and its 200-day moving average is $17.85. Urstadt Biddle Properties has a one year low of $15.95 and a one year high of $22.37.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, March 30th. Urstadt Biddle Properties’s dividend payout ratio is 170.91%.

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.

5 Day Chart for NYSE:UBP

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