TheStreet lowered shares of Urstadt Biddle Properties (NYSE:UBA) from a b- rating to a c+ rating in a research report report published on Friday morning.
A number of other research firms also recently commented on UBA. B. Riley reiterated a neutral rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a hold rating to a sell rating in a report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.75.
Shares of Urstadt Biddle Properties (UBA) opened at $17.81 on Friday. 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 has a fifty-two week low of $17.20 and a fifty-two week high of $23.94. The company has a market cap of $684.84, a P/E ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.40.
Urstadt Biddle Properties (NYSE:UBA) last released its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS 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 the consensus estimate of $30.01 million. analysts predict that Urstadt Biddle Properties will post 1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.06%. This is a positive change 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 purchased 109,542 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.39% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties during the fourth quarter valued at approximately $130,000. Tower Research Capital LLC TRC increased its stake in Urstadt Biddle Properties by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 3,482 shares during the period. SG Americas Securities LLC acquired a new position in Urstadt Biddle Properties in the 3rd quarter valued at approximately $183,000. Janney Montgomery Scott LLC acquired a new position in Urstadt Biddle Properties in the 3rd quarter valued at approximately $202,000. Finally, Stevens Capital Management LP acquired a new position in Urstadt Biddle Properties in the 3rd quarter valued at approximately $207,000. Institutional investors and hedge funds own 60.95% 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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