Comerica Bank lessened its holdings in Urstadt Biddle Properties Inc. (NYSE:UBA) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,052 shares of the real estate investment trust’s stock after selling 1,755 shares during the quarter. Comerica Bank owned 0.08% of Urstadt Biddle Properties worth $638,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased 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 buying an additional 149,237 shares during the period. State Street Corp increased 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 buying an additional 138,157 shares during the period. Renaissance Technologies LLC increased its holdings in Urstadt Biddle Properties by 23.7% in the 1st quarter. Renaissance Technologies LLC now owns 632,100 shares of the real estate investment trust’s stock valued at $12,996,000 after buying an additional 121,300 shares during the period. Bank of New York Mellon Corp increased its holdings in Urstadt Biddle Properties by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 522,142 shares of the real estate investment trust’s stock valued at $10,338,000 after buying an additional 15,082 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Urstadt Biddle Properties by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 371,853 shares of the real estate investment trust’s stock valued at $7,645,000 after buying an additional 29,098 shares during the period. 59.32% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total value of $32,550.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.06% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the stock. BidaskClub raised 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 “buy” rating to a “hold” rating in a report on Friday, September 15th. Deutsche Bank AG reissued a “hold” rating and issued a $23.00 price target (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday. FBR & Co reissued a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a report on Thursday. Finally, ValuEngine lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.50.

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Shares of Urstadt Biddle Properties Inc. (UBA) opened at 21.52 on Friday. The firm has a market cap of $811.39 million, a P/E ratio of 20.53 and a beta of 0.53. Urstadt Biddle Properties Inc. has a 52 week low of $18.32 and a 52 week high of $25.43. The stock has a 50 day moving average of $20.96 and a 200 day moving average of $20.25.

Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.17. The firm had revenue of $31.87 million for 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%. Analysts anticipate that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, October 5th. Urstadt Biddle Properties’s payout ratio is 99.07%.

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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