Urstadt Biddle Properties Inc. (UBA) Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 405,156 shares of the real estate investment trust’s stock after purchasing an additional 33,303 shares during the quarter. Dimensional Fund Advisors LP owned 1.07% of Urstadt Biddle Properties worth $8,022,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UBA. State of Alaska Department of Revenue increased its position in shares of Urstadt Biddle Properties by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 2,543 shares during the period. Naples Global Advisors LLC increased its position in shares of Urstadt Biddle Properties by 5.7% during the 2nd quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 600 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Urstadt Biddle Properties during the 1st quarter valued at $228,000. Capital Fund Management S.A. acquired a new position in shares of Urstadt Biddle Properties during the 2nd quarter valued at $248,000. Finally, M&T Bank Corp increased its position in shares of Urstadt Biddle Properties by 7.0% during the 2nd quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 833 shares during the period. Institutional investors own 59.29% of the company’s stock.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total value of $32,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John T. Hayes sold 4,900 shares of Urstadt Biddle Properties stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total value of $108,780.00. The disclosure for this sale can be found here. Insiders own 20.06% of the company’s stock.

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Urstadt Biddle Properties Inc. (NYSE:UBA) opened at $22.90 on Friday. Urstadt Biddle Properties Inc. has a 1 year low of $18.32 and a 1 year high of $25.43. The stock has a market capitalization of $902.12, a price-to-earnings ratio of 17.48, a PEG ratio of 2.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.58 and a current ratio of 7.58.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million for the quarter, compared to analysts’ expectations of $29.30 million. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. sell-side analysts predict that Urstadt Biddle Properties Inc. will post 1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Thursday, October 5th. Urstadt Biddle Properties’s payout ratio is 99.07%.

Several equities analysts have recently issued reports on UBA shares. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Deutsche Bank AG reiterated a “hold” rating and set a $23.00 price target (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and set a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Urstadt Biddle Properties has a consensus rating of “Hold” and an average price target of $22.33.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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