Brokerages Set Urstadt Biddle Properties Inc. (UBA) Price Target at $21.00

Urstadt Biddle Properties Inc. (NYSE:UBA) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. B. Riley set a $20.00 price target on Urstadt Biddle Properties and gave the stock a “hold” rating in a report on Tuesday, March 13th. Finally, TheStreet downgraded Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Urstadt Biddle Properties by 1.7% during the 1st quarter. BlackRock Inc. now owns 4,414,375 shares of the real estate investment trust’s stock valued at $85,199,000 after buying an additional 73,678 shares during the last quarter. Northern Trust Corp lifted its position in shares of Urstadt Biddle Properties by 5.2% during the 1st quarter. Northern Trust Corp now owns 573,228 shares of the real estate investment trust’s stock valued at $11,062,000 after buying an additional 28,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Urstadt Biddle Properties by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 442,291 shares of the real estate investment trust’s stock valued at $8,536,000 after buying an additional 10,593 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Urstadt Biddle Properties by 4.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 346,385 shares of the real estate investment trust’s stock valued at $6,685,000 after buying an additional 14,222 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Urstadt Biddle Properties by 49.1% during the 4th quarter. Thrivent Financial For Lutherans now owns 332,163 shares of the real estate investment trust’s stock valued at $7,222,000 after buying an additional 109,357 shares during the last quarter. 60.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Urstadt Biddle Properties traded up $0.08, hitting $20.39, during midday trading on Friday, according to MarketBeat. 3,316 shares of the stock traded hands, compared to its average volume of 90,218. The company has a market cap of $788.81 million, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.89 and a beta of 0.37. Urstadt Biddle Properties has a one year low of $20.22 and a one year high of $20.48. 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 released its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate 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 anticipate that Urstadt Biddle Properties will post 1.35 earnings per share for the current year.

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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