Mutual of America Capital Management LLC trimmed its position in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,782 shares of the real estate investment trust’s stock after selling 17,015 shares during the period. Mutual of America Capital Management LLC owned 0.25% of Urstadt Biddle Properties worth $1,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBA. State of Alaska Department of Revenue grew its position in Urstadt Biddle Properties by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,543 shares in the last quarter. Mason Street Advisors LLC grew its position in Urstadt Biddle Properties by 10.3% during the 1st quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 651 shares in the last quarter. Credit Agricole S A grew its position in Urstadt Biddle Properties by 54.3% during the 1st quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 3,048 shares in the last quarter. Naples Global Advisors LLC grew its position in Urstadt Biddle Properties by 5.7% during the 2nd quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 600 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Urstadt Biddle Properties during the 1st quarter worth approximately $228,000. Hedge funds and other institutional investors own 59.32% of the company’s stock.

Shares of Urstadt Biddle Properties Inc. (NYSE UBA) opened at 22.15 on Thursday. The firm’s 50 day moving average is $21.23 and its 200-day moving average is $20.35. Urstadt Biddle Properties Inc. has a 52 week low of $18.32 and a 52 week high of $25.43. The firm has a market cap of $835.14 million, a price-to-earnings ratio of 21.14 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The company had revenue of $31.87 million during the quarter, compared to the consensus estimate of $29.30 million. Equities research analysts predict that Urstadt Biddle Properties Inc. will post $0.96 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders 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 dividend yield of 4.79%. The ex-dividend date is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is 99.07%.

In other news, COO Stephan A. Rapaglia sold 1,500 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total transaction of $32,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.06% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. FBR & Co reissued 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 raised shares of 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. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Deutsche Bank AG reissued 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, BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.75.

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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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