Urstadt Biddle Properties (NYSE:UBA) Upgraded to “B-” by TheStreet

Urstadt Biddle Properties (NYSE:UBAGet Rating) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Urstadt Biddle Properties from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, September 13th. Piper Sandler cut their price target on shares of Urstadt Biddle Properties from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. StockNews.com began coverage on shares of Urstadt Biddle Properties in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, B. Riley cut their price target on shares of Urstadt Biddle Properties from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Urstadt Biddle Properties presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Urstadt Biddle Properties Stock Down 0.5 %

Urstadt Biddle Properties stock opened at $18.96 on Tuesday. Urstadt Biddle Properties has a fifty-two week low of $15.07 and a fifty-two week high of $21.64. The stock has a market cap of $760.68 million, a PE ratio of 29.17 and a beta of 1.10. The firm’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $17.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.64 and a current ratio of 3.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky purchased a new position in Urstadt Biddle Properties in the third quarter valued at about $169,000. Baird Financial Group Inc. raised its position in shares of Urstadt Biddle Properties by 5.8% in the third quarter. Baird Financial Group Inc. now owns 169,685 shares of the real estate investment trust’s stock valued at $2,632,000 after purchasing an additional 9,325 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Urstadt Biddle Properties by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 31,179 shares of the real estate investment trust’s stock valued at $484,000 after purchasing an additional 1,547 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Urstadt Biddle Properties by 35.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 43,389 shares of the real estate investment trust’s stock valued at $673,000 after buying an additional 11,451 shares in the last quarter. Finally, Pathstone Family Office LLC boosted its holdings in Urstadt Biddle Properties by 8.0% in the 3rd quarter. Pathstone Family Office LLC now owns 18,723 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 1,381 shares during the period. 53.89% of the stock is currently 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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