Urstadt Biddle Properties Inc. (NYSE:UBA) traded at a new 52-week high today of $21.10. So far today approximately 51,000 shares have been exchanged, as compared to an average 30-day volume of 95,000 shares.
Urstadt Biddle Properties Inc. (NYSE:UBA) defies analysts with a current price ($21.02) 67.8% above its average consensus price target of $6.76.
Urstadt Biddle Properties Inc is a real estate investment trust. It is engaged in acquisition, ownership, and management of the commercial real estate. The company's business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York.
Over the past year, Urstadt Biddle Properties Inc. has traded in a range of $9.32 to $21.10 and is now at $21.02, 126% above that low.
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