Short Interest in Urstadt Biddle Properties Inc (NYSE:UBA) Increases By 31.9%

Urstadt Biddle Properties Inc (NYSE:UBA) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 495,000 shares, an increase of 31.9% from the May 30th total of 375,200 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 100,300 shares, the short-interest ratio is currently 4.9 days.

UBA has been the subject of a number of research analyst reports. TheStreet downgraded shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Saturday.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Albert D Mason Inc. raised its stake in shares of Urstadt Biddle Properties by 0.6% in the first quarter. Albert D Mason Inc. now owns 84,489 shares of the real estate investment trust’s stock worth $1,744,000 after acquiring an additional 470 shares during the last quarter. 6 Meridian raised its stake in shares of Urstadt Biddle Properties by 2.0% in the second quarter. 6 Meridian now owns 33,972 shares of the real estate investment trust’s stock worth $713,000 after acquiring an additional 669 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Urstadt Biddle Properties by 4.4% in the second quarter. Crossmark Global Holdings Inc. now owns 16,215 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 680 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Urstadt Biddle Properties by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 751 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Urstadt Biddle Properties by 0.8% in the first quarter. Rhumbline Advisers now owns 92,669 shares of the real estate investment trust’s stock worth $1,913,000 after acquiring an additional 777 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Shares of NYSE UBA opened at $21.21 on Friday. Urstadt Biddle Properties has a 1-year low of $18.50 and a 1-year high of $23.16. The company has a market capitalization of $845.45 million, a P/E ratio of 15.26, a PEG ratio of 1.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.54 and a current ratio of 8.54. The business has a 50-day moving average of $21.55.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Wednesday, July 3rd. Urstadt Biddle Properties’s dividend payout ratio is presently 74.83%.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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