Stephan A. Rapaglia Sells 1,500 Shares of Urstadt Biddle Properties Inc (NYSE:UBA) Stock

Urstadt Biddle Properties Inc (NYSE:UBA) COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction on Friday, October 18th. The shares were sold at an average price of $23.78, for a total value of $35,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of UBA opened at $24.24 on Wednesday. Urstadt Biddle Properties Inc has a 52-week low of $18.50 and a 52-week high of $24.54. The business’s fifty day moving average is $23.44 and its 200-day moving average is $21.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.22 and a current ratio of 5.22. The firm has a market cap of $967.96 million, a price-to-earnings ratio of 16.49, a PEG ratio of 2.15 and a beta of 0.47.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $0.275 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 4.54%. Urstadt Biddle Properties’s payout ratio is 74.83%.

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of Urstadt Biddle Properties by 82.6% in 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 purchasing an additional 1,152 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties during the 2nd quarter valued at $58,000. Russell Investments Group Ltd. acquired a new stake in shares of Urstadt Biddle Properties during the 2nd quarter valued at $82,000. Bank of Montreal Can boosted its holdings in shares of Urstadt Biddle Properties by 103.6% during the 2nd quarter. Bank of Montreal Can now owns 4,893 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in shares of Urstadt Biddle Properties during the 2nd quarter valued at $105,000. Institutional investors own 59.26% of the company’s stock.

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

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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