Urstadt Biddle Properties Inc. (UBP)’s Stock Is Buy After Touching 52-Week High

Urstadt Biddle Properties Inc. (NYSE:UBP) Logo

The stock of Urstadt Biddle Properties Inc. (NYSE:UBP) hit a new 52-week high and has $19.14 target or 4.00 % above today’s $18.40 share price. The 6 months bullish chart indicates low risk for the $900.26 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $19.14 price target is reached, the company will be worth $36.01M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.16% or $0.03 during the last trading session, reaching $18.4. About 4,917 shares traded or 57.04% up from the average. Urstadt Biddle Properties Inc. (NYSE:UBP) has declined 6.14% since September 13, 2018 and is downtrending. It has underperformed by 6.14% the S&P500.

More notable recent Urstadt Biddle Properties Inc. (NYSE:UBP) news were published by: Seekingalpha.com which released: “Urstadt Biddle Properties declares $0.245 dividend – Seeking Alpha” on September 04, 2019, also Businesswire.com with their article: “Urstadt Biddle Properties Inc. Reports Second Quarter Operating Results for Fiscal 2019 – Business Wire” published on June 07, 2019, Seekingalpha.com published: “Demystifying The Powerful Preferred Stock Universe – Seeking Alpha” on July 29, 2019. More interesting news about Urstadt Biddle Properties Inc. (NYSE:UBP) were released by: Businesswire.com and their article: “Urstadt Biddle Properties Inc. Reports First Quarter Operating Results for Fiscal 2019 – Business Wire” published on March 08, 2019 as well as Businesswire.com‘s news article titled: “Urstadt Biddle Properties Inc. Reports Third Quarter Operating Results For Fiscal 2019 – Business Wire” with publication date: September 05, 2019.

Urstadt Biddle Properties Inc. is a real estate investment trust. The company has market cap of $900.26 million. The firm invests in the real estate markets of the United States. It has a 29.73 P/E ratio. It engages in the ownership, operation, and redevelopment of high quality retail shopping centers predominantly located in the suburban, high demographic, high barrier to entry communities surrounding New York City.

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