UBS Asset Management Americas Inc. Sells 7,250 Shares of Urstadt Biddle Properties Inc (NYSE:UBA)

UBS Asset Management Americas Inc. reduced its position in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 7.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,390 shares of the real estate investment trust’s stock after selling 7,250 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Urstadt Biddle Properties were worth $1,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UBA. Marshall Wace LLP purchased a new stake in Urstadt Biddle Properties during the 1st quarter valued at about $151,000. WINTON GROUP Ltd purchased a new stake in shares of Urstadt Biddle Properties during the 2nd quarter valued at about $354,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Urstadt Biddle Properties by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 16,215 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 680 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in shares of Urstadt Biddle Properties by 5.2% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 37,623 shares of the real estate investment trust’s stock valued at $790,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Urstadt Biddle Properties by 82.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,547 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,152 shares during the last quarter. 59.31% of the stock is currently owned by institutional investors.

Shares of NYSE:UBA opened at $23.73 on Friday. The firm’s 50 day moving average price is $22.80 and its 200-day moving average price is $21.80. Urstadt Biddle Properties Inc has a twelve month low of $18.50 and a twelve month high of $24.48. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $938.96 million, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, October 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.

UBA has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a report on Monday, July 29th. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Thursday, October 3rd. Finally, Zacks Investment Research cut shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.

In other news, CFO John T. Hayes sold 5,252 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $23.49, for a total value of $123,369.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.78% of the stock is owned by corporate insiders.

About Urstadt Biddle Properties

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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