B. Riley set a $20.00 price objective on Urstadt Biddle Properties (NYSE:UBA) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.40 EPS.
A number of other brokerages have also issued reports on UBA. Zacks Investment Research lowered Urstadt Biddle Properties from a buy rating to a hold rating in a research report on Wednesday, December 6th. FBR & Co reaffirmed a hold rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Finally, Deutsche Bank reaffirmed a hold rating and set a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $21.75.
Shares of Urstadt Biddle Properties (NYSE:UBA) traded down $0.34 during midday trading on Wednesday, hitting $19.59. The stock had a trading volume of 88,054 shares, compared to its average volume of 91,583. Urstadt Biddle Properties has a twelve month low of $18.32 and a twelve month high of $23.94. The stock has a market capitalization of $786.70, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.58 and a current ratio of 7.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a $0.27 dividend. This is a positive change from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Thursday, January 4th. Urstadt Biddle Properties’s payout ratio is currently 120.00%.
In other news, Director Catherine U. Biddle acquired 109,542 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $16.00 per share, with a total value of $1,752,672.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.06% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Urstadt Biddle Properties by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,676,473 shares of the real estate investment trust’s stock valued at $92,594,000 after buying an additional 75,506 shares during the last quarter. State Street Corp increased its holdings in Urstadt Biddle Properties by 4.2% in the second quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock valued at $17,879,000 after buying an additional 36,411 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Urstadt Biddle Properties by 33.3% in the second quarter. Renaissance Technologies LLC now owns 842,700 shares of the real estate investment trust’s stock valued at $16,685,000 after buying an additional 210,600 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Urstadt Biddle Properties by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 522,142 shares of the real estate investment trust’s stock valued at $10,338,000 after buying an additional 15,082 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Urstadt Biddle Properties by 2.4% in the third quarter. American Century Companies Inc. now owns 434,499 shares of the real estate investment trust’s stock valued at $9,429,000 after buying an additional 10,000 shares during the last quarter. 60.09% of the stock is owned by hedge funds and other institutional investors.
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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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