Victory Capital Management Inc. grew its position in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,200 shares of the real estate investment trust’s stock after buying an additional 12,150 shares during the period. Victory Capital Management Inc.’s holdings in Urstadt Biddle Properties were worth $1,678,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Urstadt Biddle Properties by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 405,156 shares of the real estate investment trust’s stock worth $8,022,000 after purchasing an additional 33,303 shares during the period. JPMorgan Chase & Co. raised its position in shares of Urstadt Biddle Properties by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,414 shares of the real estate investment trust’s stock worth $5,879,000 after purchasing an additional 82,421 shares during the period. Prudential Financial Inc. raised its position in shares of Urstadt Biddle Properties by 49.6% during the 3rd quarter. Prudential Financial Inc. now owns 157,648 shares of the real estate investment trust’s stock worth $3,421,000 after purchasing an additional 52,260 shares during the period. State Street Corp raised its position in shares of Urstadt Biddle Properties by 4.2% during the 2nd quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock worth $17,879,000 after purchasing an additional 36,411 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Urstadt Biddle Properties by 9.4% during the 3rd quarter. Bessemer Group Inc. now owns 54,500 shares of the real estate investment trust’s stock worth $1,183,000 after purchasing an additional 4,700 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.
In other Urstadt Biddle Properties news, Director Catherine U. Biddle bought 109,542 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 20.06% of the stock is owned by company insiders.
Shares of Urstadt Biddle Properties Inc (UBA) opened at $17.88 on Friday. Urstadt Biddle Properties Inc has a 1 year low of $17.20 and a 1 year high of $23.94. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $681.36, a P/E ratio of 19.87, a PEG ratio of 1.68 and a beta of 0.40.
Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing the 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%. The business had revenue of $32.31 million during the quarter, compared to analyst estimates of $30.01 million. research analysts predict that Urstadt Biddle Properties Inc will post 1.31 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on UBA. Zacks Investment Research cut Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet cut Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. Finally, B. Riley set a $20.00 price target on Urstadt Biddle Properties and gave the stock a “hold” rating in a research report on Wednesday, January 17th. One equities 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.75.
COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/24/urstadt-biddle-properties-inc-uba-shares-bought-by-victory-capital-management-inc.html.
Urstadt Biddle Properties 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.
Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc (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.