Regency Centers Corp (NASDAQ:REG) announced the acquisition of Urstadt Biddle Properties Inc (NYSE:UBA) in an all-stock transaction for around $1.4 billion, including…
U.S. stocks traded mixed, with the Dow Jones dropping around 50 points on Thursday. Here are some big stocks recording gains in today’s session.
Urstadt Biddle Properties Inc. (NYSE: UBP) shares surged 28.5% to $19.72.
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining around 75 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 31,986.55 while the NASDAQ rose 0.24% to 11,165.62. The S&P 500, meanwhile, fell, dropping, 0.03% to 3,860.50.
Urstadt Biddle Properties (NYSE:UBA) reported quarterly earnings of $0.42 per share. This is a 27.27 percent increase over earnings of $0.33 per share from the same period last year. The company reported $38.30 million
Using data gathered from Sept. 30, 2019, SP Global reported that over a 10-year period, real estate investment trusts (REITs) dealing with the retail industry had an average annual return of 10.1%.