Urstadt Biddle Properties Inc. (NYSE:UBA)‘s stock had its “mkt perform” rating reiterated by FBR & Co in a research report issued on Tuesday, July 11th, MarketBeat reports. They presently have a $20.00 price target on the real estate investment trust’s stock. FBR & Co’s target price points to a potential downside of 5.08% from the company’s current price. FBR & Co also issued estimates for Urstadt Biddle Properties’ Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.18 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.24 EPS.

Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, TheStreet lowered shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.67.

Urstadt Biddle Properties (UBA) traded down 0.19% during midday trading on Tuesday, hitting $21.07. The company had a trading volume of 97,071 shares. The stock has a market cap of $794.38 million, a PE ratio of 20.22 and a beta of 0.53. The stock’s 50-day moving average price is $20.20 and its 200-day moving average price is $20.62. Urstadt Biddle Properties has a 52-week low of $18.32 and a 52-week high of $25.43.

Urstadt Biddle Properties announced that its Board of Directors has initiated a share repurchase plan on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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Several large investors have recently modified their holdings of UBA. State of Alaska Department of Revenue increased its position in Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,543 shares in the last quarter. Credit Agricole S A increased its position in Urstadt Biddle Properties by 21.3% in the fourth quarter. Credit Agricole S A now owns 5,616 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 987 shares in the last quarter. Mason Street Advisors LLC increased its position in Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 651 shares in the last quarter. Lasalle Investment Management Securities LLC acquired a new position in Urstadt Biddle Properties during the first quarter worth $212,000. Finally, Naples Global Advisors LLC increased its position in Urstadt Biddle Properties by 5.7% in the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 600 shares in the last quarter. 61.14% of the stock is owned by institutional investors.

About Urstadt Biddle Properties

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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