Urstadt Biddle Properties Inc. (UBA) Holdings Increased by Teachers Advisors LLC

Teachers Advisors LLC raised its holdings in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,944 shares of the real estate investment trust’s stock after purchasing an additional 6,491 shares during the period. Teachers Advisors LLC owned approximately 0.14% of Urstadt Biddle Properties worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UBA. Swiss National Bank boosted its stake in Urstadt Biddle Properties by 5.5% during the 1st quarter. Swiss National Bank now owns 48,036 shares of the real estate investment trust’s stock valued at $988,000 after purchasing an additional 2,500 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Urstadt Biddle Properties by 45.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 56,349 shares of the real estate investment trust’s stock valued at $1,159,000 after purchasing an additional 17,727 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Urstadt Biddle Properties by 9.0% during the 1st quarter. Ameriprise Financial Inc. now owns 162,133 shares of the real estate investment trust’s stock valued at $3,336,000 after purchasing an additional 13,429 shares during the last quarter. Prudential Financial Inc. boosted its stake in Urstadt Biddle Properties by 16.6% during the 1st quarter. Prudential Financial Inc. now owns 78,988 shares of the real estate investment trust’s stock valued at $1,624,000 after purchasing an additional 11,220 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Urstadt Biddle Properties by 4.0% during the 1st quarter. Arizona State Retirement System now owns 15,452 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 59.28% of the company’s stock.

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In other news, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by insiders.

Several brokerages have commented on UBA. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, September 27th. FBR & Co reiterated a “hold” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Deutsche Bank AG reiterated a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Finally, TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Urstadt Biddle Properties has a consensus rating of “Hold” and a consensus target price of $22.33.

Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $31.87 million for the quarter, compared to analyst estimates of $29.30 million.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

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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