Willing L. Biddle Acquires 1,400 Shares of Urstadt Biddle Properties Inc. (UBP) Stock
Urstadt Biddle Properties Inc. (NYSE:UBP) insider Willing L. Biddle acquired 1,400 shares of Urstadt Biddle Properties stock in a transaction on Thursday, November 10th. The stock was purchased at an average price of $17.45 per share, with a total value of $24,430.00. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of Urstadt Biddle Properties Inc. (NYSE:UBP) opened at 17.85 on Wednesday. Urstadt Biddle Properties Inc. has a 12 month low of $16.62 and a 12 month high of $22.37. The firm has a 50 day moving average price of $17.67 and a 200-day moving average price of $19.38. The company has a market cap of $661.93 million, a P/E ratio of 17.11 and a beta of 0.29.
The business also recently announced a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Wednesday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 85.98%.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York.
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