Urstadt Biddle Properties Inc (UBA) Given Consensus Rating of “Hold” by Analysts

Shares of Urstadt Biddle Properties Inc (NYSE:UBA) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.50.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. 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 previously from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th.

Shares of Urstadt Biddle Properties (NYSE UBA) opened at $21.11 on Monday. The company has a market cap of $831.61, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.54. Urstadt Biddle Properties has a one year low of $18.32 and a one year high of $24.15. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.76.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.12%. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, January 4th. Urstadt Biddle Properties’s dividend payout ratio is currently 120.00%.

In other Urstadt Biddle Properties news, Director Catherine U. Biddle bought 109,542 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 20.06% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Urstadt Biddle Properties during the 3rd quarter valued at about $202,000. Asset Management One Co. Ltd. raised its position in shares of Urstadt Biddle Properties by 3.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 105,458 shares of the real estate investment trust’s stock valued at $2,325,000 after buying an additional 3,491 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Urstadt Biddle Properties during the 3rd quarter valued at about $255,000. Dimensional Fund Advisors LP raised its position in shares of Urstadt Biddle Properties by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 424,755 shares of the real estate investment trust’s stock valued at $9,218,000 after buying an additional 19,599 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Urstadt Biddle Properties by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 124,991 shares of the real estate investment trust’s stock valued at $2,713,000 after buying an additional 6,668 shares in the last quarter. Hedge funds and other institutional investors own 60.09% of the company’s stock.

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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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