RMR Advisors LLC Takes Position in Urstadt Biddle Properties Inc. (UBA)

RMR Advisors LLC bought a new position in Urstadt Biddle Properties Inc. (NYSE:UBA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,000 shares of the real estate investment trust’s stock, valued at approximately $499,000. RMR Advisors LLC owned approximately 0.06% of Urstadt Biddle Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UBA. Swiss National Bank increased its holdings in Urstadt Biddle Properties by 5.5% in the first quarter. Swiss National Bank now owns 48,036 shares of the real estate investment trust’s stock worth $988,000 after purchasing an additional 2,500 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Urstadt Biddle Properties by 45.9% in the first quarter. UBS Asset Management Americas Inc. now owns 56,349 shares of the real estate investment trust’s stock worth $1,159,000 after purchasing an additional 17,727 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Urstadt Biddle Properties by 9.0% in the first quarter. Ameriprise Financial Inc. now owns 162,133 shares of the real estate investment trust’s stock worth $3,336,000 after purchasing an additional 13,429 shares in the last quarter. Prudential Financial Inc. increased its holdings in Urstadt Biddle Properties by 16.6% in the first quarter. Prudential Financial Inc. now owns 78,988 shares of the real estate investment trust’s stock worth $1,624,000 after purchasing an additional 11,220 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Urstadt Biddle Properties by 4.0% during the first quarter. Arizona State Retirement System now owns 15,452 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 59.28% of the company’s stock.

Several equities research analysts have recently commented on the company. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. FBR & Co restated a “mkt perform” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. Finally, TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Urstadt Biddle Properties has an average rating of “Hold” and a consensus target price of $22.33.

In related news, VP John T. Hayes sold 4,900 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by corporate insiders.

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Shares of Urstadt Biddle Properties Inc. (UBA) opened at 21.655 on Wednesday. Urstadt Biddle Properties Inc. has a 12-month low of $18.32 and a 12-month high of $25.43. The stock’s 50 day moving average price is $21.99 and its 200 day moving average price is $20.56. The company has a market cap of $816.48 million, a P/E ratio of 20.663 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The firm had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. On average, analysts forecast that Urstadt Biddle Properties Inc. will post $0.96 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

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.

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

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