The Manufacturers Life Insurance Company boosted its holdings in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,854 shares of the real estate investment trust’s stock after acquiring an additional 1,496 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Urstadt Biddle Properties worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Urstadt Biddle Properties by 33.3% in the 2nd quarter. Renaissance Technologies LLC now owns 842,700 shares of the real estate investment trust’s stock valued at $16,685,000 after purchasing an additional 210,600 shares during the last quarter. Heartland Advisors Inc. acquired a new position in Urstadt Biddle Properties in the 2nd quarter valued at about $2,970,000. Vanguard Group Inc. boosted its holdings in Urstadt Biddle Properties by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 4,600,967 shares of the real estate investment trust’s stock valued at $94,596,000 after purchasing an additional 149,237 shares during the last quarter. State Street Corp boosted its holdings in Urstadt Biddle Properties by 19.0% in the 1st quarter. State Street Corp now owns 866,273 shares of the real estate investment trust’s stock valued at $17,808,000 after purchasing an additional 138,157 shares during the last quarter. Finally, First Manhattan Co. boosted its holdings in Urstadt Biddle Properties by 1,942.7% in the 2nd quarter. First Manhattan Co. now owns 91,921 shares of the real estate investment trust’s stock valued at $1,820,000 after purchasing an additional 87,421 shares during the last quarter. 58.71% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. FBR & Co reiterated a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Urstadt Biddle Properties currently has an average rating of “Hold” and a consensus price target of $22.33.

In other news, COO Stephan A. Rapaglia sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John T. Hayes sold 4,900 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The disclosure for this sale can be found here. Corporate insiders own 20.06% of the company’s stock.

Shares of Urstadt Biddle Properties Inc. (NYSE UBA) traded down $0.14 during mid-day trading on Friday, hitting $23.23. 29,311 shares of the stock traded hands, compared to its average volume of 69,231. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43. The firm has a market cap of $920.64, a price-to-earnings ratio of 17.84, a P/E/G ratio of 2.26 and a beta of 0.50.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The firm had revenue of $31.87 million for the quarter, compared to analyst estimates of $29.30 million. analysts forecast that Urstadt Biddle Properties Inc. will post 1.25 EPS for the current fiscal year.

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Urstadt Biddle Properties 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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