Urstadt Biddle Properties (UBA) Cut to Sell at Zacks Investment Research

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

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. “

UBA has been the topic of several other reports. TheStreet cut Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Friday. B. Riley set a $20.00 price objective on Urstadt Biddle Properties and gave the stock a “hold” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Urstadt Biddle Properties presently has a consensus rating of “Hold” and a consensus price target of $21.75.

Shares of Urstadt Biddle Properties (NYSE:UBA) traded down $0.01 during midday trading on Tuesday, reaching $17.80. The company’s stock had a trading volume of 40,888 shares, compared to its average volume of 99,967. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a 52 week low of $17.20 and a 52 week high of $23.94. The company has a market capitalization of $684.84, a PE ratio of 19.73, a P/E/G ratio of 1.69 and a beta of 0.40.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.29). Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%. The company had revenue of $32.31 million for the quarter, compared to the consensus estimate of $30.01 million. equities analysts predict that Urstadt Biddle Properties will post 1.31 EPS for the current year.

In other Urstadt Biddle Properties news, Director Catherine U. Biddle bought 109,542 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.39% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Martingale Asset Management L P boosted its position in shares of Urstadt Biddle Properties by 18.7% during the fourth quarter. Martingale Asset Management L P now owns 189,491 shares of the real estate investment trust’s stock valued at $4,120,000 after buying an additional 29,917 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Urstadt Biddle Properties by 13.3% in the fourth quarter. Baird Financial Group Inc. now owns 113,041 shares of the real estate investment trust’s stock valued at $2,458,000 after purchasing an additional 13,256 shares during the period. Virtu Financial LLC purchased a new stake in shares of Urstadt Biddle Properties in the fourth quarter valued at approximately $303,000. Tower Research Capital LLC TRC boosted its holdings in shares of Urstadt Biddle Properties by 136.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 3,482 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Urstadt Biddle Properties by 6.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,606 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 4,314 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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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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