Urstadt Biddle Properties Inc. (NYSE:UBA)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a report released on Friday. They currently have a $24.00 price objective on the real estate investment trust’s stock. DA Davidson’s target price suggests a potential upside of 9.44% from the stock’s current price.

Several other research analysts have also issued reports on UBA. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research note on Saturday, June 18th. Deutsche Bank AG increased their price objective on shares of Urstadt Biddle Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Urstadt Biddle Properties (NYSE:UBA) traded up 0.87% during mid-day trading on Friday, hitting $22.12. 12,989 shares of the stock traded hands. The company’s 50 day moving average price is $22.20 and its 200-day moving average price is $22.41. The stock has a market cap of $820.28 million, a price-to-earnings ratio of 21.21 and a beta of 0.76. Urstadt Biddle Properties has a 1-year low of $18.27 and a 1-year high of $25.19.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Thursday, September 8th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business earned $28.30 million during the quarter. Urstadt Biddle Properties had a return on equity of 14.81% and a net margin of 45.17%. Analysts predict that Urstadt Biddle Properties will post $1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.74%. The ex-dividend date is Wednesday, October 5th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 98.11%.

In other news, VP John T. Hayes sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $22.15, for a total transaction of $66,450.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.82% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Urstadt Biddle Properties by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,128 shares of the real estate investment trust’s stock worth $945,000 after buying an additional 168 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Urstadt Biddle Properties by 1.5% in the second quarter. Capstone Asset Management Co. now owns 13,495 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Urstadt Biddle Properties by 1.5% in the second quarter. Arizona State Retirement System now owns 13,752 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 200 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Urstadt Biddle Properties by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 233 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Urstadt Biddle Properties by 3.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,585 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 725 shares during the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York.

5 Day Chart for NYSE:UBA

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