Fairfield Bush & CO. Trims Holdings in Urstadt Biddle Properties Inc. (UBA)

Fairfield Bush & CO. reduced its holdings in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,113 shares of the real estate investment trust’s stock after selling 43 shares during the period. Fairfield Bush & CO. owned about 0.20% of Urstadt Biddle Properties worth $1,527,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Heartland Advisors Inc. purchased a new stake in Urstadt Biddle Properties during the second quarter valued at approximately $2,970,000. Prudential Financial Inc. increased its holdings in Urstadt Biddle Properties by 16.6% during the first quarter. Prudential Financial Inc. now owns 78,988 shares of the real estate investment trust’s stock valued at $1,624,000 after buying an additional 11,220 shares during the last quarter. American Century Companies Inc. increased its holdings in Urstadt Biddle Properties by 9.0% during the second quarter. American Century Companies Inc. now owns 424,499 shares of the real estate investment trust’s stock valued at $8,405,000 after buying an additional 35,122 shares during the last quarter. Vanguard Group Inc. increased its holdings in Urstadt Biddle Properties by 3.4% during the first quarter. Vanguard Group Inc. now owns 4,600,967 shares of the real estate investment trust’s stock valued at $94,596,000 after buying an additional 149,237 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Urstadt Biddle Properties by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,543 shares during the last quarter. 59.32% of the stock is owned by institutional investors and hedge funds.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total transaction of $108,780.00. The disclosure for this sale can be found here. Insiders own 20.06% of the company’s stock.

Shares of Urstadt Biddle Properties Inc. (UBA) traded up 0.27% during mid-day trading on Tuesday, hitting $21.97. 28,868 shares of the stock were exchanged. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43. The stock’s 50-day moving average price is $21.36 and its 200-day moving average price is $20.38. The company has a market cap of $828.36 million, a P/E ratio of 20.96 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The firm had revenue of $31.87 million during the quarter, compared to analysts’ expectations of $29.30 million. Equities research analysts anticipate that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

A number of brokerages have commented on UBA. BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. FBR & Co reissued a “mkt perform” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Finally, TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Urstadt Biddle Properties presently has a consensus rating of “Buy” and an average price target of $22.75.

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

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