Metropolitan Life Insurance Co. NY lessened its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,549 shares of the real estate investment trust’s stock after selling 9,503 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Urstadt Biddle Properties were worth $251,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of Urstadt Biddle Properties in the 4th quarter valued at about $130,000. Tower Research Capital LLC TRC grew its position in shares of 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 last quarter. Advisor Group Inc. grew its position in shares of Urstadt Biddle Properties by 88.0% in the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 2,868 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $183,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 61.36% of the company’s stock.
A number of research firms have commented on UBA. Zacks Investment Research lowered Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. TheStreet downgraded Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. Finally, B. Riley set a $20.00 price objective on Urstadt Biddle Properties and gave the company a “hold” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.25.
Shares of NYSE:UBA opened at $19.31 on Tuesday. The stock has a market capitalization of $749.39, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.80 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.49 and a current ratio of 4.49. Urstadt Biddle Properties Inc. has a 1 year low of $17.20 and a 1 year high of $23.94.
Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. equities research analysts forecast that Urstadt Biddle Properties Inc. will post 1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, March 29th. Urstadt Biddle Properties’s dividend payout ratio is 93.91%.
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Urstadt Biddle Properties 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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