Urstadt Biddle Properties (UBP) Rating Increased to Hold at ValuEngine

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Urstadt Biddle Properties (NYSE:UBP) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, June 21st.

Separately, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Thursday, May 31st.

Shares of Urstadt Biddle Properties opened at $18.27 on Thursday, Marketbeat reports. The company has a market cap of $711.00 million, a PE ratio of 13.19 and a beta of 0.11. Urstadt Biddle Properties has a 1-year low of $15.36 and a 1-year high of $18.92. The company has a quick ratio of 17.47, a current ratio of 17.47 and a debt-to-equity ratio of 0.82.

In related news, Chairman Charles J. Urstadt bought 5,241 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were acquired at an average cost of $17.75 per share, with a total value of $93,027.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.25% of the stock is owned by corporate insiders.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 82 properties containing approximately 5.1 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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