Mutual of America Capital Management LLC Has $2.22 Million Holdings in Urstadt Biddle Properties Inc (UBA)

Mutual of America Capital Management LLC raised its stake in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 102,214 shares of the real estate investment trust’s stock after purchasing an additional 5,722 shares during the period. Mutual of America Capital Management LLC owned approximately 0.26% of Urstadt Biddle Properties worth $2,222,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in Urstadt Biddle Properties by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,323 shares of the real estate investment trust’s stock valued at $2,343,000 after purchasing an additional 1,068 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Urstadt Biddle Properties by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,854 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 1,496 shares during the last quarter. Voya Investment Management LLC boosted its stake in Urstadt Biddle Properties by 14.3% during the 2nd quarter. Voya Investment Management LLC now owns 16,046 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 2,006 shares during the last quarter. Baker Ellis Asset Management LLC boosted its stake in Urstadt Biddle Properties by 2.6% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 94,664 shares of the real estate investment trust’s stock valued at $2,054,000 after purchasing an additional 2,400 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Urstadt Biddle Properties by 5.2% during the 3rd quarter. New York State Teachers Retirement System now owns 59,184 shares of the real estate investment trust’s stock valued at $1,284,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

In other Urstadt Biddle Properties news, Director Catherine U. Biddle bought 109,542 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were purchased at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.39% of the stock is owned by insiders.

A number of equities analysts have issued reports on UBA shares. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.75.

Urstadt Biddle Properties Inc (NYSE UBA) opened at $17.81 on Tuesday. Urstadt Biddle Properties Inc has a 12 month low of $17.20 and a 12 month high of $23.94. The firm has a market capitalization of $684.84, a P/E ratio of 19.79, a PEG ratio of 1.69 and a beta of 0.40. 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:UBA) last announced its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.29). Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%. The business had revenue of $32.31 million during the quarter, compared to analysts’ expectations of $30.01 million. research analysts forecast that Urstadt Biddle Properties Inc will post 1.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was 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 presently 120.00%.

WARNING: “Mutual of America Capital Management LLC Has $2.22 Million Holdings in Urstadt Biddle Properties Inc (UBA)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/13/mutual-of-america-capital-management-llc-has-2-22-million-holdings-in-urstadt-biddle-properties-inc-uba.html.

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)

Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply