Public Sector Pension Investment Board Has $490,000 Position in Urstadt Biddle Properties Inc (UBA)

Public Sector Pension Investment Board held its stake in shares of Urstadt Biddle Properties Inc (NYSE:UBA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,318 shares of the real estate investment trust’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned 0.05% of Urstadt Biddle Properties worth $490,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in Urstadt Biddle Properties by 17.0% in the third quarter. BlackRock Fund Advisors now owns 1,800,607 shares of the real estate investment trust’s stock valued at $40,009,000 after buying an additional 261,393 shares during the last quarter. Forward Management LLC acquired a new position in Urstadt Biddle Properties during the third quarter valued at about $4,444,000. Bank of New York Mellon Corp boosted its position in Urstadt Biddle Properties by 20.2% in the third quarter. Bank of New York Mellon Corp now owns 455,659 shares of the real estate investment trust’s stock valued at $10,125,000 after buying an additional 76,542 shares during the last quarter. Renaissance Technologies LLC boosted its position in Urstadt Biddle Properties by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 510,800 shares of the real estate investment trust’s stock valued at $12,315,000 after buying an additional 68,700 shares during the last quarter. Finally, State Street Corp boosted its position in Urstadt Biddle Properties by 10.1% in the fourth quarter. State Street Corp now owns 728,116 shares of the real estate investment trust’s stock valued at $17,554,000 after buying an additional 66,915 shares during the last quarter. 60.04% of the stock is currently owned by hedge funds and other institutional investors.

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

Urstadt Biddle Properties Inc (NYSE:UBA) opened at 20.83 on Tuesday. Urstadt Biddle Properties Inc has a 1-year low of $19.67 and a 1-year high of $25.43. The company has a market cap of $785.27 million, a PE ratio of 38.50 and a beta of 0.63. The stock has a 50 day moving average price of $21.82 and a 200 day moving average price of $22.34.

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Separately, Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.75.

In other news, CFO John T. Hayes sold 2,600 shares of Urstadt Biddle Properties stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $23.34, for a total transaction of $60,684.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stephan A. Rapaglia sold 2,000 shares of Urstadt Biddle Properties stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $24.34, for a total value of $48,680.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:UBA

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