Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) have earned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.33.

A number of analysts have recently issued reports on UBA shares. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, September 27th. FBR & Co reissued a “hold” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total value of $32,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John T. Hayes sold 4,900 shares of Urstadt Biddle Properties stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.20, for a total value of $108,780.00. The disclosure for this sale can be found here. Insiders own 20.06% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its holdings in shares of 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 valued at $115,000 after acquiring an additional 2,543 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of 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 acquiring an additional 651 shares in the last quarter. Credit Agricole S A raised its holdings in shares of Urstadt Biddle Properties by 54.3% in the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 3,048 shares in the last quarter. Naples Global Advisors LLC raised its holdings in shares of Urstadt Biddle Properties by 5.7% in 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 in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Urstadt Biddle Properties in the first quarter valued at about $228,000. Hedge funds and other institutional investors own 59.30% of the company’s stock.

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Shares of Urstadt Biddle Properties (UBA) traded down 0.82% during midday trading on Wednesday, hitting $21.80. 7,469 shares of the stock were exchanged. Urstadt Biddle Properties has a 1-year low of $18.32 and a 1-year high of $25.43. The firm has a 50-day moving average of $21.88 and a 200-day moving average of $20.52. The company has a market capitalization of $821.95 million, a P/E ratio of 20.80 and a beta of 0.53.

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

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

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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