Metropolitan Life Insurance Co. NY boosted its stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,054 shares of the real estate investment trust’s stock after buying an additional 29 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Urstadt Biddle Properties were worth $433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Urstadt Biddle Properties by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 342,755 shares of the real estate investment trust’s stock valued at $8,264,000 after buying an additional 9,146 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $852,000. Norges Bank purchased a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $8,162,000. Teachers Advisors LLC increased its position in shares of Urstadt Biddle Properties by 11.3% in the fourth quarter. Teachers Advisors LLC now owns 46,318 shares of the real estate investment trust’s stock valued at $1,117,000 after buying an additional 4,693 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Urstadt Biddle Properties by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 500 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Urstadt Biddle Properties Inc. (NYSE:UBA) traded up 0.93% during mid-day trading on Wednesday, reaching $20.71. The company’s stock had a trading volume of 11,240 shares. The firm has a 50-day moving average of $20.55 and a 200 day moving average of $20.48. The firm has a market capitalization of $780.81 million, a price-to-earnings ratio of 19.88 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.

Urstadt Biddle Properties announced that its Board of Directors has approved a stock repurchase plan on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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Several research analysts recently weighed in on UBA shares. TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Friday, May 12th. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. FBR & Co reissued a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research note on Tuesday, July 11th. Finally, BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. 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 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.

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

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