Thrivent Financial For Lutherans boosted its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 49.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,163 shares of the real estate investment trust’s stock after buying an additional 109,357 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.86% of Urstadt Biddle Properties worth $7,222,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in Urstadt Biddle Properties in the fourth quarter worth $130,000. Tower Research Capital LLC TRC raised its position in shares of Urstadt Biddle Properties by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 3,482 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Urstadt Biddle Properties during the third quarter worth $183,000. Janney Montgomery Scott LLC bought a new stake in shares of Urstadt Biddle Properties during the third quarter worth $202,000. Finally, Stevens Capital Management LP bought a new stake in shares of Urstadt Biddle Properties during the third quarter worth $207,000. 61.39% of the stock is currently owned by institutional investors and hedge funds.
UBA stock opened at $19.69 on Friday. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.76. The stock has a market cap of $764.46, a PE ratio of 17.12, a PEG ratio of 1.87 and a beta of 0.38. Urstadt Biddle Properties Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $23.94.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, March 9th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.20). Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. The company had revenue of $33.00 million for the quarter, compared to analyst estimates of $32.40 million. equities research analysts anticipate that Urstadt Biddle Properties Inc. will post 1.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.08 annualized dividend and a yield of 5.49%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 93.91%.
A number of equities research analysts recently commented on UBA shares. Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. B. Riley set a $20.00 price objective on Urstadt Biddle Properties and gave the company a “hold” rating in a report on Wednesday, January 17th. Finally, TheStreet downgraded Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Urstadt Biddle Properties has a consensus rating of “Hold” and an average target price of $21.25.
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About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 82 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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