In trading on Tuesday, shares of Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $23.68 on the day. This compares to an average yield of 7.43% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, UBP.PRF was trading at a 4.68% discount to its liquidation preference amount, versus the average discount of 2.57% in the "Real Estate" category.The chart below shows the one year performance of UBP.PRF shares, versus UBP:
Urstadt Biddle Properties' Series F Preferred Stock Shares Cross 7.5% Yield Mark
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