Urstadt Biddle Properties Inc (UBA) Downgraded by TheStreet
Urstadt Biddle Properties Inc (NYSE:UBA) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th.
Shares of Urstadt Biddle Properties (NYSE:UBA) traded up 0.60% during mid-day trading on Friday, hitting $18.52. 65,711 shares of the stock were exchanged. The stock has a market capitalization of $698.19 million, a P/E ratio of 34.23 and a beta of 0.63. Urstadt Biddle Properties has a 12-month low of $18.35 and a 12-month high of $25.43. The stock’s 50 day moving average price is $20.13 and its 200-day moving average price is $21.76.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Monday, April 3rd were given a $0.265 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.06 annualized dividend and a yield of 5.76%. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.26. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 196.30%.
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A number of hedge funds have recently bought and sold shares of UBA. Credit Agricole S A increased its stake in 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 last quarter. Municipal Employees Retirement System of Michigan increased its stake in Urstadt Biddle Properties by 11.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,450 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 670 shares during the last quarter. Mason Street Advisors LLC increased its stake in 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 last quarter. Lasalle Investment Management Securities LLC acquired a new stake in Urstadt Biddle Properties during the first quarter valued at about $212,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Urstadt Biddle Properties during the first quarter valued at about $228,000. 60.04% of the stock is owned by institutional investors and hedge funds.
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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