Urstadt Biddle Properties Inc (NYSE:UBA) has been assigned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.00.
UBA has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet cut shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, B. Riley set a $20.00 price target on shares of Urstadt Biddle Properties and gave the stock a “hold” rating in a report on Wednesday, January 17th.
Several hedge funds and other institutional investors have recently bought and sold shares of UBA. Nisa Investment Advisors LLC purchased a new position in Urstadt Biddle Properties in the fourth quarter valued at $130,000. Tower Research Capital LLC TRC increased its holdings in Urstadt Biddle Properties by 136.1% in 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 buying an additional 3,482 shares in the last quarter. Advisor Group Inc. increased its holdings in Urstadt Biddle Properties by 88.0% in the fourth quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 2,868 shares in the last quarter. SG Americas Securities LLC purchased a new position in Urstadt Biddle Properties in the third quarter valued at $183,000. Finally, Janney Montgomery Scott LLC purchased a new position in Urstadt Biddle Properties in the third quarter valued at $202,000. 61.39% of the stock is owned by institutional investors and hedge funds.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). The company had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $32.40 million. Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%. sell-side analysts expect that Urstadt Biddle Properties will post 1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a $0.27 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.60%. Urstadt Biddle Properties’s dividend payout ratio is currently 93.91%.
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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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