Urstadt Biddle Properties Inc. (NYSE:UBA) VP John T. Hayes sold 4,900 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.20, for a total value of $108,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) opened at 21.94 on Monday. The stock has a market capitalization of $827.23 million, a PE ratio of 20.94 and a beta of 0.53. Urstadt Biddle Properties Inc. has a 1-year low of $18.32 and a 1-year high of $25.43. The firm has a 50-day moving average price of $21.31 and a 200-day moving average price of $20.37.

Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million during the quarter, compared to analysts’ expectations of $29.30 million. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. On average, equities research analysts forecast that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.06 annualized dividend and a dividend yield of 4.83%. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

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Several large investors have recently added to or reduced their stakes in UBA. State of Alaska Department of Revenue boosted its position in shares of Urstadt Biddle Properties by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,543 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Urstadt Biddle Properties by 10.3% in the 1st quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 651 shares during the last quarter. Credit Agricole S A lifted its holdings in shares of Urstadt Biddle Properties by 54.3% in the 1st quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 3,048 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Urstadt Biddle Properties by 5.7% in the 2nd quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 600 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Urstadt Biddle Properties in the 1st quarter valued at about $228,000. 59.32% of the stock is owned by institutional investors and hedge funds.

UBA has been the subject of a number of research analyst reports. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, September 27th. FBR & Co reiterated a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price target (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.75.

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.

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