Urstadt Biddle Properties (NYSE:UBA) Receiving Somewhat Positive Press Coverage, Study Shows

Media headlines about Urstadt Biddle Properties (NYSE:UBA) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Urstadt Biddle Properties earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.4827793822581 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities analysts recently commented on UBA shares. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. FBR & Co reaffirmed a “mkt perform” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a research note on Tuesday, July 11th. Finally, ValuEngine cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.67.

Shares of Urstadt Biddle Properties (NYSE:UBA) opened at 21.11 on Friday. The company has a market capitalization of $795.89 million, a price-to-earnings ratio of 20.26 and a beta of 0.53. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43. The firm’s 50-day moving average is $20.20 and its 200 day moving average is $20.62.

Urstadt Biddle Properties announced that its Board of Directors has initiated a share repurchase plan on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Wednesday, June 28th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 100.95%.

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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.