Nomura Asset Management Co. Ltd. lowered its stake in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,600 shares of the real estate investment trust’s stock after selling 2,480 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Urstadt Biddle Properties were worth $360,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UBA. SG Americas Securities LLC purchased a new stake in shares of Urstadt Biddle Properties during the 3rd quarter valued at $183,000. Stevens Capital Management LP purchased a new position in Urstadt Biddle Properties in the 3rd quarter worth $207,000. Capital Fund Management S.A. purchased a new position in Urstadt Biddle Properties in the 2nd quarter worth $248,000. M&T Bank Corp raised its position in Urstadt Biddle Properties by 7.0% in the 2nd quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 833 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Urstadt Biddle Properties by 58.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,900 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 5,100 shares during the period. Hedge funds and other institutional investors own 60.09% of the company’s stock.

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

Urstadt Biddle Properties Inc (NYSE UBA) opened at $22.08 on Tuesday. Urstadt Biddle Properties Inc has a 52-week low of $18.32 and a 52-week high of $24.62. The stock has a market cap of $904.09, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.58 and a quick ratio of 7.58.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be given a $0.27 dividend. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.89%. Urstadt Biddle Properties’s payout ratio is presently 117.78%.

A number of equities analysts recently commented on the stock. FBR & Co reiterated a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Deutsche Bank restated a “hold” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.33.

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About Urstadt Biddle Properties

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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