Urstadt Biddle Properties (UBA) Downgraded to “Hold” at Zacks Investment Research

Urstadt Biddle Properties (NYSE:UBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

UBA has been the subject of a number of other research reports. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Deutsche Bank restated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Finally, FBR & Co restated a “hold” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Urstadt Biddle Properties presently has a consensus rating of “Hold” and an average price target of $22.33.

Urstadt Biddle Properties (UBA) opened at $23.02 on Wednesday. The stock has a market cap of $928.52, a P/E ratio of 17.99, a P/E/G ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties has a 1-year low of $18.32 and a 1-year high of $25.43.

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

In other news, VP John T. Hayes sold 4,900 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total value of $108,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephan A. Rapaglia sold 1,500 shares of the company’s stock in a transaction that occurred 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 owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Urstadt Biddle Properties by 0.6% in the second quarter. Arizona State Retirement System now owns 15,552 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Urstadt Biddle Properties by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,706 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 181 shares during the period. M&T Bank Corp boosted its holdings in shares of Urstadt Biddle Properties by 7.0% in the second quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 833 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Urstadt Biddle Properties by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 118,323 shares of the real estate investment trust’s stock valued at $2,343,000 after buying an additional 1,068 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of Urstadt Biddle Properties by 2.5% in the first quarter. Teachers Advisors LLC now owns 47,453 shares of the real estate investment trust’s stock valued at $976,000 after buying an additional 1,135 shares during the period. Institutional investors own 60.13% of the company’s stock.

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Urstadt Biddle Properties Company Profile

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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