Urstadt Biddle Properties (UBA) Given a $20.00 Price Target by B. Riley Analysts

B. Riley set a $20.00 target price on Urstadt Biddle Properties (NYSE:UBA) in a research note issued to investors on Wednesday. The firm currently has a hold rating on the real estate investment trust’s stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.40 EPS.

A number of other brokerages have also recently weighed in on UBA. Zacks Investment Research cut Urstadt Biddle Properties from a buy rating to a hold rating in a report on Wednesday, December 6th. FBR & Co reiterated a hold rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Finally, 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 report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Urstadt Biddle Properties currently has a consensus rating of Hold and a consensus target price of $21.75.

Shares of Urstadt Biddle Properties (NYSE UBA) traded down $0.34 during trading on Wednesday, reaching $19.59. The company had a trading volume of 88,054 shares, compared to its average volume of 91,583. Urstadt Biddle Properties has a 52-week low of $18.32 and a 52-week high of $23.94. The firm has a market capitalization of $786.70, a PE ratio of 21.77, a P/E/G ratio of 1.94 and a beta of 0.54. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.76.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.29). Urstadt Biddle Properties had a net margin of 42.95% and a return on equity of 13.19%. analysts predict that Urstadt Biddle Properties will post 1.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, January 4th. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s payout ratio is currently 120.00%.

In related news, Director Catherine U. Biddle acquired 109,542 shares of Urstadt Biddle Properties stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.06% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UBA. Schwab Charles Investment Management Inc. lifted its stake in shares of Urstadt Biddle Properties by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,323 shares of the real estate investment trust’s stock worth $2,343,000 after purchasing an additional 1,068 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Urstadt Biddle Properties by 7.3% during the second quarter. Rhumbline Advisers now owns 64,114 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 4,375 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Urstadt Biddle Properties by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 522,142 shares of the real estate investment trust’s stock worth $10,338,000 after purchasing an additional 15,082 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Urstadt Biddle Properties by 6.2% during the second quarter. Legal & General Group Plc now owns 121,351 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 7,105 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Urstadt Biddle Properties by 33.4% during the second quarter. Prudential Financial Inc. now owns 105,388 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 26,400 shares in the last quarter. Institutional investors own 60.09% of the company’s stock.

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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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