Urstadt Biddle REIT Class A Announces Quarterly Dividend of $0.23 (UBA)
Urstadt Biddle REIT Class A (NYSE:UBA) announced a quarterly dividend on Thursday, March 21st. Stockholders of record on Friday, April 5th will be paid a dividend of $0.23 per share on Friday, April 19th. This represents a $0.90 annualized dividend and a dividend yield of 4.23%.
A number of research firms have also recently commented on UBA. Analysts at Zacks upgraded shares of Urstadt Biddle REIT Class A from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $22.10 price target on the stock. Finally, analysts at TheStreet upgraded shares of Urstadt Biddle REIT Class A from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 30th.
Urstadt Biddle REIT Class A (NYSE: UBA) traded down 1.72% on Thursday, hitting $21.17. Urstadt Biddle REIT Class A has a 1-year low of $17.35 and a 1-year high of $21.83. The stock’s 50-day moving average is currently $20.. The company has a market cap of $649.3 million and a price-to-earnings ratio of 75.31.
Urstadt Biddle REIT Class A (NYSE: UBA) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. On average, analysts predict that Urstadt Biddle REIT Class A will post $1.05 earnings per share for the current fiscal year.
Urstadt Biddle Properties Inc. is a real estate investment trust (NYSE: UBA) engaged in the acquisition, ownership and management of commercial real estate.
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