Urstadt Biddle Properties (NYSE:UBA) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Urstadt Biddle Properties (NYSE:UBAGet Rating) from a c+ rating to a b- rating in a report released on Tuesday morning, TheStreetRatingsTable reports.

A number of other analysts also recently commented on UBA. StockNews.com started coverage on Urstadt Biddle Properties in a report on Wednesday, October 12th. They set a buy rating for the company. B. Riley lowered their price target on Urstadt Biddle Properties from $20.00 to $19.00 and set a buy rating for the company in a report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Urstadt Biddle Properties from $22.00 to $19.00 and set a hold rating for the company in a report on Tuesday, September 13th. Finally, Piper Sandler lowered their price target on Urstadt Biddle Properties from $20.00 to $19.00 and set an overweight rating for the company in a report on Friday, October 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $19.00.

Urstadt Biddle Properties Trading Down 0.5 %

UBA stock opened at $18.96 on Tuesday. The company has a market cap of $760.68 million, a price-to-earnings ratio of 29.17 and a beta of 1.10. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $17.49 and a 200-day simple moving average of $17.20. Urstadt Biddle Properties has a 52 week low of $15.07 and a 52 week high of $21.64.

Urstadt Biddle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.2375 dividend. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a yield of 5.01%. The ex-dividend date was Thursday, September 29th. Urstadt Biddle Properties’s dividend payout ratio is currently 146.16%.

Hedge Funds Weigh In On Urstadt Biddle Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Urstadt Biddle Properties by 3.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 43,627 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 1,400 shares during the last quarter. Baker Ellis Asset Management LLC lifted its holdings in Urstadt Biddle Properties by 1.6% in the second quarter. Baker Ellis Asset Management LLC now owns 75,335 shares of the real estate investment trust’s stock worth $1,220,000 after acquiring an additional 1,150 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Urstadt Biddle Properties in the first quarter worth about $503,000. LDR Capital Management LLC lifted its holdings in Urstadt Biddle Properties by 7.4% in the first quarter. LDR Capital Management LLC now owns 27,941 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Urstadt Biddle Properties by 127.5% in the first quarter. Acadian Asset Management LLC now owns 88,588 shares of the real estate investment trust’s stock worth $1,663,000 after acquiring an additional 49,653 shares during the last quarter. 53.89% of the stock is owned by hedge funds and other institutional investors.

Urstadt Biddle Properties Company Profile

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Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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