Fairfield Bush & CO. reduced its holdings in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,415 shares of the real estate investment trust’s stock after selling 5,764 shares during the quarter. Fairfield Bush & CO.’s holdings in Urstadt Biddle Properties were worth $1,533,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBA. Wells Fargo & Company MN grew its stake in Urstadt Biddle Properties by 32.4% during the third quarter. Wells Fargo & Company MN now owns 47,205 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 11,540 shares during the period. Dimensional Fund Advisors LP grew its stake in Urstadt Biddle Properties by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 424,755 shares of the real estate investment trust’s stock worth $9,218,000 after buying an additional 19,599 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Urstadt Biddle Properties during the fourth quarter worth approximately $130,000. Schwab Charles Investment Management Inc. grew its stake in Urstadt Biddle Properties by 83.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,809 shares of the real estate investment trust’s stock worth $4,975,000 after buying an additional 103,818 shares during the period. Finally, RMR Advisors LLC boosted its stake in shares of Urstadt Biddle Properties by 30.4% in the fourth quarter. RMR Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock valued at $652,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 59.86% of the company’s stock.
Several research analysts have recently weighed in on UBA shares. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. TheStreet downgraded shares of 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 target price on shares of Urstadt Biddle Properties and gave the company a “hold” rating in a research note on Tuesday, March 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.25.
Shares of Urstadt Biddle Properties opened at $20.40 on Monday, Marketbeat.com reports. The firm has a market capitalization of $788.42 million, a PE ratio of 16.86, a PEG ratio of 1.89 and a beta of 0.37. 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 Inc. has a twelve month low of $17.20 and a twelve month high of $23.94.
Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. research analysts predict that Urstadt Biddle Properties Inc. will post 1.35 EPS 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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