Urstadt Biddle Properties Inc. (NYSE:UBA) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report released on Monday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co reissued a “mkt perform” rating and set a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.67.

Shares of Urstadt Biddle Properties (UBA) traded down 0.24% during trading on Monday, hitting $20.48. The stock had a trading volume of 129,303 shares. The stock has a 50 day moving average of $19.70 and a 200 day moving average of $20.81. Urstadt Biddle Properties has a 52-week low of $18.32 and a 52-week high of $25.43. The firm has a market cap of $772.14 million, a PE ratio of 19.65 and a beta of 0.52.

Urstadt Biddle Properties announced that its board has approved a share repurchase program on Friday, June 9th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of UBA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Urstadt Biddle Properties by 27.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,637 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 1,000 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Urstadt Biddle Properties by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 233 shares during the period. Mason Street Advisors LLC bought a new stake in Urstadt Biddle Properties during the second quarter worth approximately $128,000. 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 worth $135,000 after buying an additional 987 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,543 shares during the period. 61.42% of the stock is owned by institutional investors and hedge funds.

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.

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