Urstadt Biddle Properties Inc. which can be found using ticker (UBA) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 20 and 19 with the average target price sitting at $19.67. Given that the stocks previous close was at $17.36 this now indicates there is a potential upside of 13.3%. Also worth taking note is the 50 day moving average now sits at $17.55 and the 200 moving average now moves to $17.71. The company has a market cap of $660m. Visit the company website at: https://www.ubproperties.com
The potential market cap would be $748m based on the market consensus.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 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. It has paid 203 consecutive quarters of uninterrupted dividends to its shareholders since its inception.
The company has a dividend yield of 5.81% with the ex dividend date set at 31-3-2023 (DMY).
Other points of data to note are a P/E ratio of 26.88, revenue per share of 3.77 and a 3.62% return on assets.
