First Quadrant L P CA Has $303,000 Position in Urstadt Biddle Properties Inc. (NYSE:UBA)

First Quadrant L P CA reduced its stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,315 shares of the real estate investment trust’s stock after selling 2,902 shares during the period. First Quadrant L P CA’s holdings in Urstadt Biddle Properties were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UBA. State Street Corp raised its stake in Urstadt Biddle Properties by 10.1% in the fourth quarter. State Street Corp now owns 728,116 shares of the real estate investment trust’s stock valued at $17,554,000 after buying an additional 66,915 shares during the period. Dimensional Fund Advisors LP raised its stake in Urstadt Biddle Properties by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 342,755 shares of the real estate investment trust’s stock valued at $8,264,000 after buying an additional 9,146 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Urstadt Biddle Properties by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,025 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 61 shares during the period. Guggenheim Capital LLC acquired a new stake in Urstadt Biddle Properties during the fourth quarter valued at $852,000. Finally, Norges Bank acquired a new stake in Urstadt Biddle Properties during the fourth quarter valued at $8,162,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Urstadt Biddle Properties Inc. (UBA) opened at 20.31 on Friday. The firm has a 50-day moving average price of $20.60 and a 200 day moving average price of $20.47. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43. The company has a market capitalization of $765.73 million, a P/E ratio of 19.49 and a beta of 0.53.

Urstadt Biddle Properties announced that its Board of Directors has authorized a stock repurchase plan on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

WARNING: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/19/first-quadrant-l-p-ca-has-303000-stake-in-urstadt-biddle-properties-inc-nyseuba-updated-updated.html.

UBA has been the topic of several research analyst reports. TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Friday, May 12th. ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. FBR & Co reiterated a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Urstadt Biddle Properties has an average rating of “Hold” and a consensus price target of $23.67.

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.

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

What are top analysts saying about Urstadt Biddle Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Urstadt Biddle Properties Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit