Goldman Sachs Group Inc. trimmed its stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 33.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 138,546 shares of the real estate investment trust’s stock after selling 70,193 shares during the period. Goldman Sachs Group Inc.’s holdings in Urstadt Biddle Properties were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in Urstadt Biddle Properties during the 4th quarter worth approximately $130,000. Tower Research Capital LLC TRC lifted its position in Urstadt Biddle Properties by 136.1% during the 4th 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 period. Advisor Group Inc. lifted its position in Urstadt Biddle Properties by 88.0% during the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 2,868 shares during the period. SG Americas Securities LLC acquired a new stake in Urstadt Biddle Properties during the 3rd quarter worth approximately $183,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Urstadt Biddle Properties during the 3rd quarter worth approximately $202,000. 61.39% of the stock is owned by institutional investors.
A number of analysts have weighed in on the company. Zacks Investment Research cut Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. 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 objective on Urstadt Biddle Properties and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.25.
Shares of UBA stock opened at $19.74 on Friday. The company has a market cap of $772.96, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.85 and a beta of 0.38. Urstadt Biddle Properties Inc. has a 12-month low of $17.20 and a 12-month high of $23.94. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.76.
Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). The business had revenue of $33.00 million for the quarter, compared to analysts’ expectations of $32.40 million. Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%. equities research analysts expect that Urstadt Biddle Properties Inc. will post 1.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Thursday, March 29th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 93.91%.
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Urstadt Biddle Properties Company Profile
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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