Urstadt Biddle Properties Inc (NYSE:UBA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Urstadt Biddle Properties Inc (NYSE:UBA) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 464,779 shares of the real estate investment trust’s stock after acquiring an additional 9,294 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Urstadt Biddle Properties were worth $8,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in Urstadt Biddle Properties by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock valued at $1,401,000 after acquiring an additional 616 shares during the last quarter. Texas Permanent School Fund increased its stake in Urstadt Biddle Properties by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 751 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Urstadt Biddle Properties by 5.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 19,400 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 1,000 shares during the last quarter. Advisor Group Inc. increased its stake in Urstadt Biddle Properties by 59.8% in the fourth quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Urstadt Biddle Properties by 2.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 39,689 shares of the real estate investment trust’s stock valued at $704,000 after acquiring an additional 1,104 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

NYSE UBA opened at $21.28 on Thursday. The company has a quick ratio of 8.44, a current ratio of 8.44 and a debt-to-equity ratio of 0.88. Urstadt Biddle Properties Inc has a 12-month low of $18.50 and a 12-month high of $23.16. The stock has a market cap of $867.33 million, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.10 annualized dividend and a yield of 5.17%. Urstadt Biddle Properties’s payout ratio is 74.83%.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,874 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.78% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. TheStreet raised Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Wednesday, May 22nd.

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Urstadt Biddle Properties Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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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