Urstadt Biddle Properties Inc (UBA) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Urstadt Biddle Properties Inc (NYSE:UBA) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,809 shares of the real estate investment trust’s stock after acquiring an additional 30,404 shares during the period. American Century Companies Inc. owned 0.63% of Urstadt Biddle Properties worth $5,340,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in Urstadt Biddle Properties in the second quarter worth approximately $157,000. Itau Unibanco Holding S.A. bought a new stake in Urstadt Biddle Properties in the second quarter worth approximately $199,000. Meeder Asset Management Inc. grew its position in Urstadt Biddle Properties by 94.5% in the second quarter. Meeder Asset Management Inc. now owns 8,895 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 4,321 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Urstadt Biddle Properties in the second quarter worth approximately $212,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Urstadt Biddle Properties by 187.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,776 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 6,377 shares in the last quarter. 59.02% of the stock is owned by institutional investors.

Shares of Urstadt Biddle Properties stock opened at $20.28 on Friday. The company has a quick ratio of 8.30, a current ratio of 8.30 and a debt-to-equity ratio of 0.82. Urstadt Biddle Properties Inc has a 1-year low of $17.20 and a 1-year high of $23.94. The firm has a market capitalization of $806.53 million, a PE ratio of 17.63, a PEG ratio of 1.76 and a beta of 0.36.

UBA has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. DA Davidson downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $24.00 to $23.00 in a research report on Tuesday, September 11th. ValuEngine downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

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Urstadt Biddle Properties Company Profile

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

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