Urstadt Biddle Properties (NYSE:UBA) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Urstadt Biddle Properties (NYSE:UBA – Get Rating) from a buy rating to a hold rating in a report released on Wednesday.

Separately, TheStreet raised shares of Urstadt Biddle Properties from a c+ rating to a b- rating in a report on Tuesday, November 22nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $19.00.

Urstadt Biddle Properties Price Performance

NYSE UBA opened at $17.12 on Wednesday. The company has a 50 day moving average price of $18.03 and a two-hundred day moving average price of $17.89. The company has a quick ratio of 6.94, a current ratio of 3.96 and a debt-to-equity ratio of 1.00. Urstadt Biddle Properties has a 12-month low of $15.07 and a 12-month high of $19.67. The stock has a market capitalization of $673.33 million, a PE ratio of 24.11 and a beta of 1.08.

Institutional Trading of Urstadt Biddle Properties

A number of hedge funds have recently modified their holdings of UBA. Invesco Ltd. increased its stake in Urstadt Biddle Properties by 79.0% during the 1st quarter. Invesco Ltd. now owns 998,463 shares of the real estate investment trust’s stock worth $18,782,000 after purchasing an additional 440,567 shares in the last quarter. LSV Asset Management increased its stake in Urstadt Biddle Properties by 259.7% during the 1st quarter. LSV Asset Management now owns 523,300 shares of the real estate investment trust’s stock worth $9,843,000 after purchasing an additional 377,825 shares in the last quarter. Millennium Management LLC increased its stake in Urstadt Biddle Properties by 953.1% during the 4th quarter. Millennium Management LLC now owns 192,162 shares of the real estate investment trust’s stock worth $3,641,000 after purchasing an additional 173,914 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Urstadt Biddle Properties by 67.4% during the 1st quarter. JPMorgan Chase & Co. now owns 387,748 shares of the real estate investment trust’s stock worth $7,294,000 after purchasing an additional 156,089 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Urstadt Biddle Properties by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 4,182,596 shares of the real estate investment trust’s stock worth $78,674,000 after purchasing an additional 124,543 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Urstadt Biddle Properties Company Profile

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Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership, and management of commercial properties. It operates through the Ridgeway and All Other Operating segments. The company was founded on July 7, 1969 and is headquartered in Greenwich, CT.