Teachers Retirement System of The State of Kentucky grew its holdings in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 58.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,900 shares of the real estate investment trust’s stock after buying an additional 5,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Urstadt Biddle Properties were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Urstadt Biddle Properties by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,676,473 shares of the real estate investment trust’s stock worth $92,594,000 after purchasing an additional 75,506 shares in the last quarter. State Street Corp boosted its stake in Urstadt Biddle Properties by 4.2% in the 2nd quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock worth $17,879,000 after purchasing an additional 36,411 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $16,685,000 after purchasing an additional 210,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $10,338,000 after purchasing an additional 15,082 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Urstadt Biddle Properties by 2.4% in the 3rd quarter. American Century Companies Inc. now owns 434,499 shares of the real estate investment trust’s stock worth $9,429,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,500 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John T. Hayes sold 4,900 shares of the company’s 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 disclosure for this sale can be found here. 20.06% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. FBR & Co restated a “hold” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Finally, B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.33.

Urstadt Biddle Properties Inc (UBA) traded down $0.29 on Monday, reaching $23.43. 67,900 shares of the company’s stock traded hands, compared to its average volume of 117,015. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.71. The company has a market cap of $923.00, a PE ratio of 17.89, a P/E/G ratio of 2.26 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 (NYSE:UBA) last posted its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million for the quarter, compared to analysts’ expectations of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. research analysts forecast that Urstadt Biddle Properties Inc will post 1.25 earnings per share for the current fiscal year.

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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.

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

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