Urstadt Biddle Properties (NYSE:UBA) Reaches New 1-Year High at $24.48

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Urstadt Biddle Properties Inc (NYSE:UBA) shares reached a new 52-week high on Tuesday . The company traded as high as $24.48 and last traded at $24.29, with a volume of 2103 shares trading hands. The stock had previously closed at $24.33.

Several brokerages have weighed in on UBA. B. Riley reissued a “neutral” rating on shares of Urstadt Biddle Properties in a report on Thursday, October 3rd. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Friday, September 13th. Finally, DA Davidson reissued a “neutral” rating on shares of Urstadt Biddle Properties in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

The company has a market capitalization of $967.96 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.22 and a current ratio of 5.22. The company’s fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $21.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, October 3rd. Urstadt Biddle Properties’s dividend payout ratio is currently 74.83%.

In other news, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $23.78, for a total value of $35,670.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John T. Hayes sold 5,252 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $23.49, for a total transaction of $123,369.48. The disclosure for this sale can be found here. 20.78% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Urstadt Biddle Properties by 1.3% in the 2nd quarter. BlackRock Inc. now owns 5,103,461 shares of the real estate investment trust’s stock valued at $107,171,000 after purchasing an additional 66,378 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Urstadt Biddle Properties by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,750,806 shares of the real estate investment trust’s stock worth $99,767,000 after buying an additional 47,204 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Urstadt Biddle Properties by 4.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,177,717 shares of the real estate investment trust’s stock worth $24,732,000 after buying an additional 52,300 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Urstadt Biddle Properties by 754.3% during the 2nd quarter. Victory Capital Management Inc. now owns 767,300 shares of the real estate investment trust’s stock worth $16,113,000 after buying an additional 677,484 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Urstadt Biddle Properties by 9.8% during the 2nd quarter. Northern Trust Corp now owns 540,493 shares of the real estate investment trust’s stock worth $11,350,000 after buying an additional 48,305 shares in the last quarter. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Urstadt Biddle Properties Company Profile (NYSE:UBA)

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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