Urstadt Biddle Properties (NYSE:UBP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Urstadt Biddle Properties (NYSE UBP) traded up $0.15 during midday trading on Friday, hitting $17.68. The stock had a trading volume of 468 shares, compared to its average volume of 3,258. The firm has a market capitalization of $690.58, a price-to-earnings ratio of 19.64 and a beta of 0.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties has a 52 week low of $15.68 and a 52 week high of $18.92.

In other news, insider Willing L. Biddle bought 109,542 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.25% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in UBP. Schwab Charles Investment Management Inc. raised its position in Urstadt Biddle Properties by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,385 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 133 shares during the last quarter. Vanguard Group Inc. raised its position in Urstadt Biddle Properties by 13.7% in the 2nd quarter. Vanguard Group Inc. now owns 255,739 shares of the real estate investment trust’s stock valued at $4,412,000 after buying an additional 30,857 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Urstadt Biddle Properties by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 77,755 shares of the real estate investment trust’s stock valued at $1,341,000 after buying an additional 588 shares during the last quarter. 2.23% of the stock is currently owned by institutional investors and hedge funds.

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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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