Dynamic Technology Lab Private Ltd Invests $542,000 in Urstadt Biddle Properties Inc. (UBA)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 27,360 shares of the real estate investment trust’s stock, valued at approximately $542,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Urstadt Biddle Properties at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UBA. State of Alaska Department of Revenue lifted its holdings in shares of Urstadt Biddle Properties by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,543 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Urstadt Biddle Properties by 10.3% during the 1st quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 651 shares during the last quarter. Credit Agricole S A lifted its holdings in shares of Urstadt Biddle Properties by 54.3% during the 1st quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 3,048 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in Urstadt Biddle Properties by 5.7% in the 2nd quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 600 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Urstadt Biddle Properties in the 1st quarter worth approximately $228,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) opened at 22.12 on Friday. The firm has a market capitalization of $834.01 million, a price-to-earnings ratio of 21.11 and a beta of 0.53. The company has a 50-day moving average price of $21.84 and a 200 day moving average price of $20.51. Urstadt Biddle Properties Inc. has a 12-month low of $18.32 and a 12-month high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The firm had revenue of $31.87 million during the quarter, compared to analysts’ expectations of $29.30 million. Equities research analysts expect that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.06 annualized dividend and a yield of 4.79%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 99.07%.

Several equities research analysts recently weighed in on the company. FBR & Co restated a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Zacks Investment Research lowered Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Deutsche Bank AG restated a “hold” rating and issued a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. Finally, BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.33.

In related news, VP John T. Hayes sold 4,900 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephan A. Rapaglia sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The disclosure for this sale can be found here. Corporate insiders own 20.06% of the company’s stock.

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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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Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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