Zacks Investment Research Lowers Urstadt Biddle Properties (UBA) to Hold

Urstadt Biddle Properties (NYSE:UBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

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Other equities research analysts have also issued reports about the company. TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. B. Riley set a $20.00 target price on Urstadt Biddle Properties and gave the stock a “hold” rating in a research report on Tuesday, March 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.00.

NYSE UBA traded down $0.15 during trading hours on Friday, hitting $19.30. The company had a trading volume of 130,073 shares, compared to its average volume of 105,171. Urstadt Biddle Properties has a fifty-two week low of $17.20 and a fifty-two week high of $23.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.49 and a quick ratio of 4.49. The firm has a market capitalization of $745.91, a PE ratio of 16.78, a P/E/G ratio of 1.82 and a beta of 0.49.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%. The company had revenue of $33.00 million during the quarter, compared to analyst estimates of $32.40 million. equities research analysts expect that Urstadt Biddle Properties will post 1.32 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $130,000. Tower Research Capital LLC TRC increased its holdings in shares of Urstadt Biddle Properties by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 3,482 shares during the period. Advisor Group Inc. increased its holdings in shares of Urstadt Biddle Properties by 88.0% during the fourth quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 2,868 shares during the period. SG Americas Securities LLC acquired a new position in shares of Urstadt Biddle Properties during the third quarter valued at $183,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Urstadt Biddle Properties during the third quarter valued at $202,000. 61.39% of the stock is currently owned by institutional investors.

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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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