Schwab Charles Investment Management Inc. raised its stake in Urstadt Biddle Properties Inc. (NYSE:UBP) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,385 shares of the real estate investment trust’s stock after buying an additional 133 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Urstadt Biddle Properties were worth $214,000 at the end of the most recent quarter.

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Shares of Urstadt Biddle Properties Inc. (NYSE UBP) opened at $18.00 on Monday. The stock has a market capitalization of $709.09, a price-to-earnings ratio of 13.74 and a beta of 0.06. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.71. Urstadt Biddle Properties Inc. has a twelve month low of $15.68 and a twelve month high of $20.49.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is presently 87.85%.

Urstadt Biddle Properties 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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