Urstadt Biddle Properties Inc (UBA) Stake Lifted by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. grew its holdings in Urstadt Biddle Properties Inc (NYSE:UBA) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 105,458 shares of the real estate investment trust’s stock after acquiring an additional 3,491 shares during the quarter. Asset Management One Co. Ltd. owned about 0.27% of Urstadt Biddle Properties worth $2,325,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UBA. SG Americas Securities LLC acquired a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $183,000. Stevens Capital Management LP acquired a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $207,000. Allianz Asset Management GmbH acquired a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $255,000. Capital Fund Management S.A. acquired a new stake in shares of Urstadt Biddle Properties in the 2nd quarter valued at about $248,000. Finally, M&T Bank Corp boosted its position in shares of 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 valued at $250,000 after purchasing an additional 833 shares during the period. Institutional investors and hedge funds own 60.09% of the company’s stock.
In other Urstadt Biddle Properties news, VP John T. Hayes sold 4,900 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.06% of the stock is currently owned by company insiders.
The business 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.14%. 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. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 117.78%.
A number of brokerages recently issued reports on UBA. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. B. Riley reissued a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. FBR & Co reissued a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Finally, Deutsche Bank reissued a “hold” rating and issued a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.33.
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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