Urstadt Biddle Properties Inc. Buyback
OLI recorded this information on 6/9/2017
Company:
Urstadt Biddle Properties Inc.
Buyback:
UBA buyback
Share Amount Authorized:
2,000,000
Buyback Details:
Urstadt Biddle Properties Inc. (NYSE:UBAandUBP) today announced a share repurchase program of up to 2,000,000 shares, in the aggregate, of the Company's Common Stock, Class A Common Stock, Series F Cumulative Preferred Stock and Series G Cumulative Preferred Stock, as market conditions warrant. The share repurchase program has been authorized by UBP's Board of Directors and represents less than 5% of the Company's total combined outstanding Common, Class A Common and Series F and Series G Preferred Shares. This repurchase program replaces a prior repurchase program where the Board of Directors authorized the repurchase of up to 2,000,000 shares in the aggregate, of Common, Class A Common and Preferred shares. Share repurchases may be made in the open market or in private transactions, and at times and in amounts that the Company deems appropriate. The share repurchase program will be funded with available cash and may be discontinued at any time. There is no guarantee that the company will repurchase any shares pursuant to the repurchase program.
Urstadt Biddle Properties is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate. Co.'s business is the ownership of real estate investments, which consist principally of investments in various properties, with primary focus on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York. In addition to its business of owning and managing real estate, Co. is also involved in the beer, wine and spirits retail business, through its ownership of six subsidiary corporations. Co. also engages in solar array installations and electrical vehicle charging stations.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: UBA Stock Forecast Based on Zacks ABR data; powered by Xignite |
