M&T Bank Corp Has $244,000 Stake in Urstadt Biddle Properties Inc. (UBA)

M&T Bank Corp decreased its stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 15.9% during the first quarter, Holdings Channel reports. The institutional investor owned 11,845 shares of the real estate investment trust’s stock after selling 2,237 shares during the period. M&T Bank Corp’s holdings in Urstadt Biddle Properties were worth $244,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UBA. Russell Investments Group Ltd. acquired a new stake in shares of Urstadt Biddle Properties during the fourth quarter valued at about $1,168,000. Comerica Bank raised its stake in shares of Urstadt Biddle Properties by 5.8% in the fourth quarter. Comerica Bank now owns 30,703 shares of the real estate investment trust’s stock valued at $718,000 after buying an additional 1,681 shares during the period. State Street Corp raised its stake in shares of 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 period. Dimensional Fund Advisors LP raised its stake in shares of Urstadt Biddle Properties by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 342,755 shares of the real estate investment trust’s stock valued at $8,264,000 after buying an additional 9,146 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Urstadt Biddle Properties by 3.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 94,901 shares of the real estate investment trust’s stock valued at $2,263,000 after buying an additional 2,977 shares during the period. 61.42% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Urstadt Biddle Properties Inc. (NYSE UBA) opened at 19.65 on Tuesday. The company has a 50-day moving average price of $19.20 and a 200-day moving average price of $21.32. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43. The company has a market cap of $740.84 million, a P/E ratio of 18.86 and a beta of 0.59.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.39%. Urstadt Biddle Properties’s dividend payout ratio is presently 100.95%.

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Several brokerages recently weighed in on UBA. Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, May 12th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UBA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc. (NYSE:UBA).

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