Urstadt Biddle Properties (UBA) Downgraded by ValuEngine

ValuEngine downgraded shares of Urstadt Biddle Properties (NYSE:UBA) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other equities analysts also recently weighed in on UBA. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a buy rating to a hold rating in a research note on Wednesday, June 6th. DA Davidson boosted their target price on shares of Urstadt Biddle Properties to $24.00 and gave the stock a buy rating in a research note on Friday, June 15th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $22.33.

Shares of NYSE UBA opened at $20.24 on Thursday. Urstadt Biddle Properties has a 1-year low of $17.20 and a 1-year high of $23.94. The stock has a market capitalization of $843.79 million, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.81 and a beta of 0.29. The company has a quick ratio of 8.30, a current ratio of 8.30 and a debt-to-equity ratio of 0.82.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Thursday, October 4th. Urstadt Biddle Properties’s dividend payout ratio is presently 93.91%.

In other Urstadt Biddle Properties news, VP John T. Hayes sold 3,834 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $22.61, for a total value of $86,686.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.39% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Urstadt Biddle Properties by 16.4% in the first quarter. Legal & General Group Plc now owns 143,294 shares of the real estate investment trust’s stock worth $2,775,000 after acquiring an additional 20,141 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of Urstadt Biddle Properties by 114.8% during the second quarter. Dupont Capital Management Corp now owns 64,541 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 34,498 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Urstadt Biddle Properties during the second quarter worth approximately $247,000. KBC Group NV raised its stake in shares of Urstadt Biddle Properties by 301.1% during the second quarter. KBC Group NV now owns 28,521 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 21,411 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Urstadt Biddle Properties during the second quarter worth approximately $585,000. 58.24% of the stock is owned by institutional investors.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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