Urstadt Biddle Properties Inc. (NYSE:UBA) VP John T. Hayes sold 4,900 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total value of $108,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) traded down 1.22% on Friday, reaching $21.94. The company had a trading volume of 71,532 shares. Urstadt Biddle Properties Inc. has a one year low of $18.32 and a one year high of $25.43. The company’s 50-day moving average is $21.27 and its 200-day moving average is $20.36. The company has a market capitalization of $827.23 million, a PE ratio of 20.94 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The business had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. Equities research analysts predict that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.06 annualized dividend and a yield of 4.77%. Urstadt Biddle Properties’s payout ratio is 99.07%.

Urstadt Biddle Properties declared that its Board of Directors has approved a stock repurchase plan on Friday, June 9th that permits the company to buyback 2,000,000 shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, September 27th. FBR & Co reissued a “hold” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Deutsche Bank AG reissued a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. BidaskClub raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, TheStreet raised Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $22.75.

Several large investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Urstadt Biddle Properties by 0.6% during the second quarter. Arizona State Retirement System now owns 15,552 shares of the real estate investment trust’s stock valued at $308,000 after acquiring an additional 100 shares during the last quarter. UBS Group AG raised its stake in shares of Urstadt Biddle Properties by 1.4% during the first quarter. UBS Group AG now owns 12,623 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 176 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Urstadt Biddle Properties by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,706 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 181 shares during the last quarter. Naples Global Advisors LLC raised its stake in shares of Urstadt Biddle Properties by 5.7% during the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 600 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Urstadt Biddle Properties by 10.3% during 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 acquiring an additional 651 shares during the last quarter. 59.32% of the stock is owned by hedge funds and other institutional investors.

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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