Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.67.
UBA has been the subject of several research reports. TheStreet downgraded Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, May 12th. Zacks Investment Research upgraded Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. FBR & Co restated a “mkt perform” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Finally, ValuEngine cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
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Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,543 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Urstadt Biddle Properties by 6.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 19,080 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 1,100 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Urstadt Biddle Properties during the first quarter worth $228,000. AQR Capital Management LLC boosted its stake in Urstadt Biddle Properties by 20.2% in the first quarter. AQR Capital Management LLC now owns 99,838 shares of the real estate investment trust’s stock worth $2,053,000 after buying an additional 16,761 shares in the last quarter. Finally, State Street Corp boosted its stake in Urstadt Biddle Properties by 19.0% in the first quarter. State Street Corp now owns 866,273 shares of the real estate investment trust’s stock worth $17,808,000 after buying an additional 138,157 shares in the last quarter. Institutional investors and hedge funds own 61.42% of the company’s stock.
Shares of Urstadt Biddle Properties (NYSE UBA) traded up 1.65% on Tuesday, hitting $20.36. The stock had a trading volume of 164,213 shares. The stock has a 50 day moving average price of $19.21 and a 200-day moving average price of $21.16. Urstadt Biddle Properties has a 12-month low of $18.32 and a 12-month high of $25.43. The company has a market cap of $767.61 million, a price-to-earnings ratio of 19.54 and a beta of 0.52.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Wednesday, June 28th. Urstadt Biddle Properties’s dividend payout ratio is currently 100.95%.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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