Urstadt Biddle Properties (NYSE:UBP) Upgraded to Buy at ValuEngine

Urstadt Biddle Properties (NYSE:UBP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, January 13th.

Shares of Urstadt Biddle Properties (UBP) traded down $0.70 during trading on Friday, hitting $16.75. The stock had a trading volume of 3,590 shares, compared to its average volume of 3,218. Urstadt Biddle Properties has a fifty-two week low of $15.68 and a fifty-two week high of $18.92. The stock has a market capitalization of $647.35, a P/E ratio of 14.44 and a beta of 0.07. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.76.

Urstadt Biddle Properties (NYSE:UBP) last posted its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter. Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%.

In related news, insider Willing L. Biddle acquired 109,542 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were acquired at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.25% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBP. Vanguard Group Inc. grew its stake in shares of Urstadt Biddle Properties by 13.7% during the second quarter. Vanguard Group Inc. now owns 255,739 shares of the real estate investment trust’s stock valued at $4,412,000 after buying an additional 30,857 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Urstadt Biddle Properties by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 77,755 shares of the real estate investment trust’s stock valued at $1,341,000 after buying an additional 588 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Urstadt Biddle Properties by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 12,385 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 133 shares during the last quarter. 2.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Urstadt Biddle Properties

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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