Urstadt Biddle Properties (NYSE:UBA) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd.

Shares of Urstadt Biddle Properties stock opened at $22.54 on Wednesday. Urstadt Biddle Properties has a 12-month low of $18.50 and a 12-month high of $23.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.44 and a quick ratio of 8.44. The stock has a market capitalization of $901.24 million, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.99 and a beta of 0.57.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, March 8th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. The company had revenue of $34.46 million during the quarter, compared to analysts’ expectations of $32.99 million. As a group, sell-side analysts predict that Urstadt Biddle Properties will post 1.43 earnings per share for the current year.

In other news, COO Stephan A. Rapaglia sold 1,874 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.78% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in Urstadt Biddle Properties by 1.0% in the 4th quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock worth $97,154,000 after acquiring an additional 48,262 shares during the period. Renaissance Technologies LLC grew its stake in Urstadt Biddle Properties by 8.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,125,417 shares of the real estate investment trust’s stock worth $23,229,000 after acquiring an additional 90,600 shares during the period. Bank of New York Mellon Corp grew its stake in Urstadt Biddle Properties by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 475,011 shares of the real estate investment trust’s stock worth $10,113,000 after acquiring an additional 14,019 shares during the period. Dimensional Fund Advisors LP grew its stake in Urstadt Biddle Properties by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 467,878 shares of the real estate investment trust’s stock worth $9,657,000 after acquiring an additional 3,099 shares during the period. Finally, Geode Capital Management LLC grew its stake in Urstadt Biddle Properties by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 391,421 shares of the real estate investment trust’s stock worth $8,078,000 after acquiring an additional 33,362 shares during the period. 59.24% of the stock is owned by institutional investors and hedge funds.

About Urstadt Biddle Properties

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.

See Also: What is a Real Estate Investment Trust (REIT)?

Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.