Bag This Bargain 4.8% Yielder Even Cheaper Than Chairman Urstadt Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 5, Urstadt Biddle Properties Inc's Chairman, Charles J. Urstadt, invested $66,450.00 into 3,000 shares of UBA, for a cost per share of $22.15. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Tuesday, bargain hunters could buy shares of Urstadt Biddle Properties Inc ( UBA) and achieve a cost basis 1.6% cheaper than Urstadt, with shares changing hands as low as $21.80 per share. Urstadt Biddle Properties Inc shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of UBA shares, versus its 200 day moving average:

Urstadt Biddle Properties Inc Chart

Looking at the chart above, UBA's low point in its 52 week range is $18.27 per share, with $25.19 as the 52 week high point — that compares with a last trade of $21.76. By comparison, below is a table showing the prices at which UBA insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
10/05/2016 Charles J. Urstadt Chairman 3,000 $22.15 $66,450.00

The current annualized dividend paid by Urstadt Biddle Properties Inc is $1.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/05/2016. Below is a long-term dividend history chart for UBA, which can be of good help in judging whether the most recent dividend with approx. 4.8% annualized yield is likely to continue.

UBA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, UBA makes up 1.62% of the ProShares Russell 2000 Dividend Growers ETF ( SMDV) which is trading lower by about 0.1% on the day Tuesday.

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