Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Urstadt Biddle Properties (UBP) Stock Price
News stories about Urstadt Biddle Properties (NYSE:UBP) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Urstadt Biddle Properties earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.6987485277329 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Urstadt Biddle Properties (NYSE UBP) opened at 16.4271 on Thursday. Urstadt Biddle Properties has a 52 week low of $15.68 and a 52 week high of $20.49. The firm has a market cap of $619.33 million, a PE ratio of 15.7650 and a beta of 0.06. The stock’s 50 day moving average is $17.44 and its 200-day moving average is $17.20.
Urstadt Biddle Properties announced that its Board of Directors has authorized a stock repurchase plan on Friday, June 9th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently commented on UBP. ValuEngine cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd.
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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.
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