Separately, Zacks Investment Research downgraded Urstadt Biddle Properties from a buy rating to a hold rating in a report on Tuesday, March 14th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $25.00.
Shares of Urstadt Biddle Properties (NYSE:UBA) traded down 1.23% during mid-day trading on Friday, hitting $20.02. The stock had a trading volume of 230,073 shares. The firm has a 50 day moving average of $19.20 and a 200-day moving average of $21.37. Urstadt Biddle Properties has a one year low of $18.32 and a one year high of $25.43. The stock has a market cap of $754.79 million, a P/E ratio of 19.21 and a beta of 0.59.
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The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.06 annualized dividend and a yield of 5.29%. Urstadt Biddle Properties’s dividend payout ratio is currently 100.95%.
A number of hedge funds have recently made changes to their positions in the stock. Credit Agricole S A increased its stake in shares of Urstadt Biddle Properties by 21.3% in the fourth quarter. Credit Agricole S A now owns 5,616 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 987 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Urstadt Biddle Properties by 11.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,450 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 670 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 651 shares in the last quarter. Lasalle Investment Management Securities LLC acquired a new stake in shares of Urstadt Biddle Properties during the first quarter valued at $212,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Urstadt Biddle Properties during the first quarter valued at $228,000. Hedge funds and other institutional investors own 61.42% of the company’s stock.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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