Zacks Investment Research lowered shares of Urstadt Biddle Properties (NYSE:UBA) from a hold rating to a sell rating in a research note published on Friday, December 22nd.
According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “
Several other research analysts have also commented on the company. Deutsche Bank reiterated a hold rating and issued a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. FBR & Co restated a hold rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Finally, B. Riley restated a neutral rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $22.33.
Shares of Urstadt Biddle Properties (UBA) traded down $0.03 on Friday, hitting $20.13. The stock had a trading volume of 47,559 shares, compared to its average volume of 108,367. The firm has a market cap of $794.18, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.54. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a one year low of $18.32 and a one year high of $23.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Thursday, January 4th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s payout ratio is currently 120.00%.
In other news, Director Catherine U. Biddle acquired 109,542 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average price of $16.00 per share, with a total value of $1,752,672.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 20.06% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties during the fourth quarter worth $130,000. SG Americas Securities LLC purchased a new position in shares of Urstadt Biddle Properties during the third quarter valued at $183,000. Janney Montgomery Scott LLC purchased a new position in shares of Urstadt Biddle Properties during the third quarter valued at $202,000. Stevens Capital Management LP purchased a new position in shares of Urstadt Biddle Properties during the third quarter valued at $207,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Urstadt Biddle Properties during the third quarter valued at $255,000. 60.09% of the stock is currently owned by institutional investors.
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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.
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