Baker Ellis Asset Management LLC increased its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,664 shares of the real estate investment trust’s stock after buying an additional 2,400 shares during the quarter. Baker Ellis Asset Management LLC owned about 0.25% of Urstadt Biddle Properties worth $2,054,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of UBA. Bank of New York Mellon Corp grew its stake in shares of Urstadt Biddle Properties by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 507,060 shares of the real estate investment trust’s stock valued at $10,425,000 after buying an additional 2,282 shares in the last quarter. Comerica Bank grew its stake in shares of Urstadt Biddle Properties by 6.9% in the first quarter. Comerica Bank now owns 32,807 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 2,104 shares in the last quarter. Swiss National Bank grew its stake in shares of Urstadt Biddle Properties by 5.5% in the first quarter. Swiss National Bank now owns 48,036 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 2,500 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Urstadt Biddle Properties by 45.9% in the first quarter. UBS Asset Management Americas Inc. now owns 56,349 shares of the real estate investment trust’s stock valued at $1,159,000 after buying an additional 17,727 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Urstadt Biddle Properties in the first quarter valued at about $401,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

In other Urstadt Biddle Properties news, VP John T. Hayes sold 4,900 shares of Urstadt Biddle Properties stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by insiders.

Urstadt Biddle Properties Inc. (NYSE:UBA) traded down 1.86% during midday trading on Friday, hitting $22.12. The stock had a trading volume of 82,319 shares. The stock has a market cap of $834.01 million, a P/E ratio of 21.11 and a beta of 0.53. The company’s 50-day moving average price is $21.84 and its 200 day moving average price is $20.51. Urstadt Biddle Properties Inc. has a 12-month low of $18.32 and a 12-month high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last released its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The business had revenue of $31.87 million for the quarter, compared to the consensus estimate of $29.30 million. On average, equities research analysts predict that Urstadt Biddle Properties Inc. will post $0.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Thursday, October 5th. Urstadt Biddle Properties’s payout ratio is 99.07%.

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A number of equities research analysts have recently issued reports on UBA shares. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, September 27th. FBR & Co reiterated a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. Three 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 $22.33.

Urstadt Biddle Properties 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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