Urstadt Biddle Properties Inc (UBA) Receives Consensus Rating of “Hold” from Brokerages
Shares of Urstadt Biddle Properties Inc (NYSE:UBA) have received an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $21.50.
UBA has been the subject of a number of research analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Deutsche Bank reaffirmed a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. Finally, FBR & Co reaffirmed a “hold” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Thursday, September 21st.
Shares of Urstadt Biddle Properties (UBA) opened at $23.19 on Thursday. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.71. Urstadt Biddle Properties has a fifty-two week low of $18.32 and a fifty-two week high of $25.43. The stock has a market cap of $895.03, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.53.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Urstadt Biddle Properties during the 3rd quarter valued at approximately $183,000. Janney Montgomery Scott LLC bought a new stake in Urstadt Biddle Properties in the third quarter worth $202,000. Stevens Capital Management LP bought a new stake in Urstadt Biddle Properties in the third quarter worth $207,000. Capital Fund Management S.A. bought a new stake in Urstadt Biddle Properties in the second quarter worth $248,000. Finally, M&T Bank Corp lifted its position in Urstadt Biddle Properties by 7.0% in the second quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.
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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