Urstadt Biddle Properties traded at $21.14 this Thursday August 17th, decreasing $0.39 or 1.81 percent since the previous trading session. Looking back, over the last four weeks, Urstadt Biddle Properties lost 4.04 percent. Over the last 12 months, its price rose by 14.83 percent. Looking ahead, we forecast Urstadt Biddle Properties to be priced at 20.50 by the end of this quarter and at 18.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
Urstadt Biddle Properties Inc. is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. The Company's segments include Ridgeway and All Other Operating Segments. The Company's primary business is the ownership of real estate investments with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. The Company's properties consist principally of neighborhood and community shopping centers and office buildings. The Company owns or has equity interests in 79 properties, including neighborhood and community shopping centers, office buildings, single tenant retail or restaurant properties and office/retail mixed use properties located throughout the United States.