Urstadt Biddle Properties Inc (NYSE:UBP) Sees Large Drop in Short Interest

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Urstadt Biddle Properties Inc (NYSE:UBP) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 2,200 shares, a decline of 21.4% from the May 30th total of 2,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.7 days.

Shares of UBP traded up $0.03 during trading hours on Thursday, hitting $16.98. The stock had a trading volume of 300 shares, compared to its average volume of 3,283. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. Urstadt Biddle Properties has a 12 month low of $14.75 and a 12 month high of $18.50. The company has a market cap of $681.62 million, a price-to-earnings ratio of 12.30 and a beta of 0.32. The firm has a fifty day moving average price of $17.18.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Wednesday, July 3rd.

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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