Urstadt Biddle Properties Inc (NYSE:UBP) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 2,200 shares, a decline of 33.3% from the July 15th total of 3,300 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.
Shares of Urstadt Biddle Properties stock traded down $0.12 during trading on Tuesday, reaching $16.50. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 3,186. Urstadt Biddle Properties has a 52 week low of $14.75 and a 52 week high of $18.50. The business’s 50-day moving average price is $16.65 and its 200-day moving average price is $16.93. The company has a quick ratio of 8.54, a current ratio of 8.54 and a debt-to-equity ratio of 0.87. The firm has a market cap of $664.88 million, a PE ratio of 12.00 and a beta of 0.31.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Urstadt Biddle Properties by 77.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,174 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 950 shares during the period. Renaissance Technologies LLC lifted its position in Urstadt Biddle Properties by 7.5% during the second quarter. Renaissance Technologies LLC now owns 59,900 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 4,200 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in Urstadt Biddle Properties by 665.8% during the second quarter. FNY Investment Advisers LLC now owns 15,224 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 13,236 shares during the period. 1.96% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: Street Name
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.