5 Stocks Michael Burry Is Selling

3. Urstadt Biddle Properties Inc. (NYSE: UBP)

Number of Hedge Fund Holders: 10

Urstadt Biddle Properties Inc. (NYSE: UBP) is a real estate investment trust based in Connecticut. It is ranked third on our list of 10 stocks Michael Burry is selling. The company’s shares have returned 62% to investors in the past year. The company is one of the best investment options for steady income on the side. On June 7, it declared a quarterly dividend of $0.207 per share, an increase of more than 65% from the previous dividend. The forward yield was over 5.3%. However, Burry has sold his entire stake in firm. 

On June 28, Urstadt Biddle Properties Inc. (NYSE: UBP) announced that it was selling the Newington Park Shopping Center for more than $13 million. CEO Willing Biddle said that the property was being sold because it no longer met ideal investment parameters. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Urstadt Biddle Properties Inc. (NYSE: UBP) with 336,817 shares worth more than $5.6 million.