Urstadt Biddle Properties (UBP) Receiving Somewhat Favorable Media Coverage, Report Shows
News articles about Urstadt Biddle Properties (NYSE:UBP) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Urstadt Biddle Properties earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.3113901106421 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Urstadt Biddle Properties (NYSE:UBP) traded down 0.41% on Friday, hitting $17.10. 3,496 shares of the stock traded hands. The firm has a market cap of $644.70 million, a P/E ratio of 16.41 and a beta of 0.06. The firm’s 50-day moving average is $17.64 and its 200 day moving average is $17.29. Urstadt Biddle Properties has a 12-month low of $15.76 and a 12-month high of $20.49.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Wednesday, June 28th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 88.68%.
Urstadt Biddle Properties announced that its board has authorized a stock repurchase program on Friday, June 9th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
UBP has been the topic of several recent research reports. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
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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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