Wilkins Investment Counsel Inc. Maintains Stake in Urstadt Biddle Properties Inc. (NYSE:UBA)

Wilkins Investment Counsel Inc. held its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,950 shares of the real estate investment trust’s stock at the close of the second quarter. Wilkins Investment Counsel Inc. owned about 0.08% of Urstadt Biddle Properties worth $633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBA. State of Alaska Department of Revenue boosted its position 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 worth $115,000 after purchasing an additional 2,543 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Urstadt Biddle Properties by 10.3% during the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 651 shares during the period. Credit Agricole S A raised its holdings in shares of Urstadt Biddle Properties by 54.3% during the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 3,048 shares during the period. Lasalle Investment Management Securities LLC acquired a new stake in shares of Urstadt Biddle Properties during the first quarter worth $212,000. Finally, Naples Global Advisors LLC raised its holdings in shares of Urstadt Biddle Properties by 5.7% during the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 600 shares during the period. 59.32% of the stock is currently owned by institutional investors.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.06% of the company’s stock.

Urstadt Biddle Properties Inc. (UBA) opened at 21.52 on Friday. The firm has a market capitalization of $811.39 million, a PE ratio of 20.53 and a beta of 0.53. The firm has a 50-day moving average of $20.96 and a 200 day moving average of $20.25. Urstadt Biddle Properties Inc. has a 12 month low of $18.32 and a 12 month high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the 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%. Equities research analysts forecast that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 99.07%.

Urstadt Biddle Properties announced that its Board of Directors has initiated a share buyback program on Friday, June 9th that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by BBNS and is the property of of BBNS. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/urstadt-biddle-properties-inc-uba-position-held-by-wilkins-investment-counsel-inc/1603318.html.

A number of brokerages have recently commented on UBA. FBR & Co reissued a “hold” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Thursday. Deutsche Bank AG restated a “hold” rating and issued a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.50.

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.

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

Receive News & Ratings for Urstadt Biddle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.