Urstadt Biddle Properties Inc (UBA): Thomas D Myers , EVP, Counsel & Secretary of Urstadt Biddle Properties Inc sold 5,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $22.97 per share for a total value of $114,854.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Thomas D Myers (EVP, Counsel & Secretary) sold 5,000 shares at $21.00 per share price.On Apr 18, 2016, Charles J Urstadt (Chairman) purchased 5,000 shares at $21.00 per share price.Also, On Apr 8, 2016, Stephan A Rapaglia (SVP and COO) sold 3,000 shares at $20.50 per share price.On Jan 29, 2016, John T Hayes (Senior VP and CFO) sold 3,000 shares at $19.00 per share price.
Urstadt Biddle Properties Inc (UBA) witnessed a volatile trading activity on Friday Jun 10, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $23.02 and reached the intraday high at $23.23. The bulls started the profit booking and pushed the shares to intraday low of $22.86. The trading session was marked by a volume range of 66,944 shares exchanging hands. The 52-week high of the shares is $23.25 and the 52-week low is $17.33. The market cap of the company stands at $832 M and there are 3,59,72,535 shares in public circulation.
Company has been under the radar of several Street Analysts.Urstadt Biddle Properties Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $21.50 .The Rating was issued on Mar 23, 2016.
Urstadt Biddle Properties Inc. is a self-administered real estate investment trust engaged in the acquisition ownership and management of commercial real estate. The Company’s sole business is the ownership of real estate investments which consist principally of investments in income-producing properties with primary emphasis on properties in the northeastern part of the United States with a concentration in the metropolitan New York tri-state area outside of the City of New York. As of October 31 2014 the Company owned or had equity interests in 70 properties consisting of neighborhood and community shopping centers office buildings single tenant retail or restaurant properties and office/retail mixed use properties located in four states throughout the United States containing a total of 4.8 million square feet of gross leasable area (GLA). Its 70 properties consists of 62 retail properties seven office buildings and one mixed use office/retail property.