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. “
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.
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.
ILLEGAL ACTIVITY WARNING: This news story was first posted by WKRB News and is the property of of WKRB News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.wkrb13.com/2018/03/31/zacks-investment-research-lowers-urstadt-biddle-properties-uba-to-hold.html.
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.
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.