Urstadt Biddle Properties Inc (NYSE:UBP)’s share price hit a new 52-week high on Wednesday . The company traded as high as $19.11 and last traded at $18.99, with a volume of 577 shares changing hands. The stock had previously closed at $18.69.
A number of brokerages recently weighed in on UBP. ValuEngine lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b” rating in a report on Friday, September 6th.
The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 0.88. The firm has a market cap of $744.87 million, a price-to-earnings ratio of 13.26 and a beta of 0.30. The business’s fifty day moving average is $18.21 and its two-hundred day moving average is $17.33.
Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Urstadt Biddle Properties by 77.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,174 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 950 shares during the period. FNY Investment Advisers LLC grew its holdings in Urstadt Biddle Properties by 665.8% during the 2nd quarter. FNY Investment Advisers LLC now owns 15,224 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 13,236 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Urstadt Biddle Properties by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 59,900 shares of the real estate investment trust’s stock worth $1,024,000 after acquiring an additional 4,200 shares during the period. 1.89% of the stock is owned by institutional investors and hedge funds.
About Urstadt Biddle Properties (NYSE:UBP)
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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