New Mexico Educational Retirement Board maintained its position in Urstadt Biddle Properties Inc. (NYSE:UBA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,116 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Urstadt Biddle Properties were worth $107,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in UBA. State of Alaska Department of Revenue raised 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 valued at $115,000 after buying an additional 2,543 shares during the period. Mason Street Advisors LLC raised 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 valued at $143,000 after buying an additional 651 shares during the period. Credit Agricole S A raised its position in Urstadt Biddle Properties by 54.3% in the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 3,048 shares during the period. Lasalle Investment Management Securities LLC acquired a new position in Urstadt Biddle Properties during the first quarter valued at approximately $212,000. Finally, Tudor Investment Corp ET AL acquired a new position in Urstadt Biddle Properties during the first quarter valued at approximately $228,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) opened at 20.31 on Friday. Urstadt Biddle Properties Inc. has a 12-month low of $18.32 and a 12-month high of $25.43. The company has a market cap of $765.73 million, a price-to-earnings ratio of 19.49 and a beta of 0.53. The stock has a 50 day moving average of $20.60 and a 200 day moving average of $20.47.

Urstadt Biddle Properties announced that its Board of Directors has initiated a share buyback program on Friday, June 9th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several research firms have recently issued reports on UBA. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. FBR & Co restated a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. ValuEngine lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.67.

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.

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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