Urstadt Biddle Properties Inc (NYSE:UBP) Plans Quarterly Dividend of $0.06

Urstadt Biddle Properties Inc (NYSE:UBP) announced a quarterly dividend on Friday, June 5th, Zacks reports. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.063 per share by the real estate investment trust on Friday, July 17th. This represents a $0.25 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Wednesday, July 1st.

Urstadt Biddle Properties has raised its dividend by an average of 44.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Urstadt Biddle Properties has a payout ratio of 161.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of UBP opened at $10.10 on Tuesday. The firm has a market cap of $404.66 million, a PE ratio of 21.49 and a beta of 0.71. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $14.42. Urstadt Biddle Properties has a 1-year low of $8.30 and a 1-year high of $19.87.

Urstadt Biddle Properties (NYSE:UBP) last announced its earnings results on Monday, June 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The company had revenue of $31.28 million for the quarter. Urstadt Biddle Properties had a net margin of 25.43% and a return on equity of 9.65%.

Separately, ValuEngine upgraded Urstadt Biddle Properties from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 31st.

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 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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Dividend History for Urstadt Biddle Properties (NYSE:UBP)

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