Urstadt Biddle Properties (NYSE:UBA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

Separately, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Wednesday, May 22nd.

Shares of Urstadt Biddle Properties stock traded up $0.18 during mid-day trading on Friday, hitting $21.54. 1,931 shares of the stock were exchanged, compared to its average volume of 85,925. Urstadt Biddle Properties has a 12 month low of $18.50 and a 12 month high of $23.16. The company has a quick ratio of 8.44, a current ratio of 8.54 and a debt-to-equity ratio of 0.87. The stock has a market cap of $848.20 million, a P/E ratio of 14.65, a P/E/G ratio of 1.87 and a beta of 0.54.

In related news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total transaction of $38,866.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.78% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in UBA. BlackRock Inc. lifted its position in Urstadt Biddle Properties by 1.0% during the fourth quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock valued at $97,154,000 after purchasing an additional 48,262 shares during the last quarter. Renaissance Technologies LLC lifted its position in Urstadt Biddle Properties by 8.8% during the first quarter. Renaissance Technologies LLC now owns 1,125,417 shares of the real estate investment trust’s stock valued at $23,229,000 after purchasing an additional 90,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Urstadt Biddle Properties by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 467,878 shares of the real estate investment trust’s stock valued at $9,657,000 after purchasing an additional 3,099 shares during the last quarter. Geode Capital Management LLC lifted its position in Urstadt Biddle Properties by 9.3% during the first quarter. Geode Capital Management LLC now owns 391,421 shares of the real estate investment trust’s stock valued at $8,078,000 after purchasing an additional 33,362 shares during the last quarter. Finally, Norges Bank bought a new position in Urstadt Biddle Properties during the fourth quarter valued at $7,309,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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