Urstadt Biddle Properties (NYSE:UBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

Several other research analysts have also issued reports on UBA. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Finally, B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.33.

Urstadt Biddle Properties (NYSE UBA) opened at $23.02 on Wednesday. Urstadt Biddle Properties has a 12-month low of $18.32 and a 12-month high of $25.43. The stock has a market capitalization of $928.52, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.58 and a current ratio of 7.58.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The business had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. equities research analysts forecast that Urstadt Biddle Properties will post 1.25 EPS for the current fiscal year.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total value of $32,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction that occurred on 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. 20.06% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of UBA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Urstadt Biddle Properties by 27.5% during 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 purchasing an additional 1,000 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. grew its holdings in shares of Urstadt Biddle Properties by 4.8% during the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,129 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 233 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Urstadt Biddle Properties during the second quarter valued at $128,000. Credit Agricole S A grew its holdings in shares of Urstadt Biddle Properties by 21.3% during 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. Finally, State of Alaska Department of Revenue grew its holdings in shares of Urstadt Biddle Properties by 77.5% during 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 buying an additional 2,543 shares during the last quarter. 60.13% of the stock is owned by institutional investors.

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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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