FBR & Co restated their mkt perform rating on shares of Urstadt Biddle Properties Inc. (NYSE:UBA) in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a $20.00 target price on the real estate investment trust’s stock.
Other research analysts also recently issued reports about the company. TheStreet downgraded Urstadt Biddle Properties from a b- rating to a c+ rating in a research note on Friday, May 12th. Zacks Investment Research upgraded Urstadt Biddle Properties from a sell rating to a hold rating in a research note on Friday, June 16th. Finally, ValuEngine downgraded Urstadt Biddle Properties from a buy rating to a hold rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Urstadt Biddle Properties currently has a consensus rating of Hold and an average target price of $23.75.
Shares of Urstadt Biddle Properties (UBA) opened at 20.36 on Tuesday. Urstadt Biddle Properties has a 12-month low of $18.32 and a 12-month high of $25.43. The firm has a market cap of $767.61 million, a P/E ratio of 19.54 and a beta of 0.52. The company’s 50 day moving average price is $19.21 and its 200-day moving average price is $21.16.
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The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.265 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.06 annualized dividend and a dividend yield of 5.21%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 100.95%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in shares of Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,543 shares during the period. Credit Agricole S A increased its position in shares of Urstadt Biddle Properties by 21.3% in the fourth quarter. Credit Agricole S A now owns 5,616 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 987 shares during the period. Mason Street Advisors LLC increased its position in shares of Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 651 shares during the period. Lasalle Investment Management Securities LLC bought a new position in shares of Urstadt Biddle Properties during the first quarter valued at $212,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Urstadt Biddle Properties during the first quarter valued at $228,000. Institutional investors own 61.42% of the company’s stock.
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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