Urstadt Biddle Properties Inc. (UBA) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,943 shares of the real estate investment trust’s stock after purchasing an additional 1,365 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.08% of Urstadt Biddle Properties worth $613,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Virginia Retirement Systems ET AL lifted its position in shares of Urstadt Biddle Properties by 90.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 48,700 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 23,100 shares during the period. Legal & General Group Plc lifted its position in shares of Urstadt Biddle Properties by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 121,351 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 7,105 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Urstadt Biddle Properties by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 522,142 shares of the real estate investment trust’s stock worth $10,338,000 after purchasing an additional 15,082 shares during the period. Rhumbline Advisers lifted its position in shares of Urstadt Biddle Properties by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 64,114 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 4,375 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Urstadt Biddle Properties by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 15,552 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 100 shares during the period. 59.32% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Urstadt Biddle Properties Inc. (UBA) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.” was posted by BBNS and is owned by of BBNS. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://baseballnewssource.com/markets/urstadt-biddle-properties-inc-uba-shares-bought-by-sumitomo-mitsui-trust-holdings-inc/1600826.html.

Urstadt Biddle Properties Inc. (NYSE:UBA) opened at 21.70 on Friday. The company’s 50-day moving average is $20.89 and its 200-day moving average is $20.29. Urstadt Biddle Properties Inc. has a 12 month low of $18.32 and a 12 month high of $25.43. The stock has a market capitalization of $818.18 million, a PE ratio of 20.71 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The company had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. Equities research analysts forecast that Urstadt Biddle Properties Inc. will post $0.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 99.07%.

Urstadt Biddle Properties announced that its board has authorized a share buyback program on Friday, June 9th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have recently commented on UBA shares. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co reaffirmed a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Urstadt Biddle Properties has a consensus rating of “Buy” and an average target price of $22.33.

Urstadt Biddle Properties 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

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
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.