Urstadt Biddle Properties Inc (NYSE:UBP) insider Willing L. Biddle acquired 109,542 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Urstadt Biddle Properties Inc (NYSE:UBP) opened at $16.79 on Wednesday. Urstadt Biddle Properties Inc has a 52-week low of $15.68 and a 52-week high of $19.60. The firm has a market capitalization of $789.09, a PE ratio of 19.08 and a beta of 0.08. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, January 4th. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 5.72%. Urstadt Biddle Properties’s dividend payout ratio is currently 106.82%.
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About Urstadt Biddle Properties
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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