Athena Capital Advisors LLC Sells 13,401 Shares of Urstadt Biddle Properties Inc (UBA)

Athena Capital Advisors LLC reduced its stake in Urstadt Biddle Properties Inc (NYSE:UBA) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,401 shares of the real estate investment trust’s stock after selling 13,401 shares during the period. Athena Capital Advisors LLC’s holdings in Urstadt Biddle Properties were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Heartland Advisors Inc. acquired a new stake in shares of Urstadt Biddle Properties during the second quarter valued at about $2,970,000. American Century Companies Inc. grew its stake in shares of 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 acquiring an additional 35,122 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Urstadt Biddle Properties by 9.1% during the second quarter. UBS Asset Management Americas Inc. now owns 61,489 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 5,140 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of 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 acquiring an additional 2,543 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Urstadt Biddle Properties by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 405,156 shares of the real estate investment trust’s stock valued at $8,022,000 after acquiring an additional 33,303 shares in the last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.

Urstadt Biddle Properties Inc (UBA) traded up $0.14 during trading hours on Tuesday, reaching $23.57. The company had a trading volume of 125,500 shares, compared to its average volume of 117,051. The firm has a market capitalization of $923.00, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.26 and a beta of 0.53. Urstadt Biddle Properties Inc has a fifty-two week low of $18.32 and a fifty-two week high of $25.43. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.71.

Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million during the quarter, compared to the consensus estimate of $29.30 million. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. analysts expect that Urstadt Biddle Properties Inc will post 1.25 earnings per share for the current fiscal year.

In other Urstadt Biddle Properties news, VP John T. Hayes sold 4,900 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.20, for a total value of $108,780.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was 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 company insiders.

A number of equities analysts recently commented on UBA shares. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. 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 price target for the company in a research note on Wednesday, September 27th. FBR & Co reiterated a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.33.

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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.

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

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