A Director at Urstadt Biddle Properties Inc (NYSE: UBA) is Buying Shares

By Carrie Williams

Today, a Director at Urstadt Biddle Properties Inc (NYSE: UBA), Catherine Biddle, bought shares of UBA for $1.75M.

Following this transaction Catherine Biddle’s holding in the company was increased by 36.53% to a total of $8.61 million. Following Catherine Biddle’s last UBA Buy transaction on May 01, 2017, the stock climbed by 1.6%.

Based on Urstadt Biddle Properties Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $32.31 million and quarterly net profit of $8.65 million. In comparison, last year the company earned revenue of $31.91 million and had a net profit of $10.32 million. The company has a one-year high of $24.52 and a one-year low of $18.32. UBA’s market cap is $807.3M and the company has a P/E ratio of 23.32.

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Urstadt Biddle Properties, Inc. operates as a real estate investment trust, which engages in the acquisition, ownership, and management of commercial properties. It operates through the Ridgeway and All Other Operating segments. Its portfolio includes neighborhood and community shopping centers in counties.