Vident Investment Advisory LLC bought a new position in Urstadt Biddle Properties Inc (NYSE:UBA) during the second quarter, according to its most recent filing with the SEC. The firm bought 9,389 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Urstadt Biddle Properties by 7.2% in the 2nd quarter. BlackRock Inc. now owns 4,734,317 shares of the real estate investment trust’s stock worth $107,138,000 after purchasing an additional 319,942 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Urstadt Biddle Properties by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 844,400 shares of the real estate investment trust’s stock worth $19,109,000 after purchasing an additional 145,300 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Urstadt Biddle Properties by 5.2% in the 1st quarter. Northern Trust Corp now owns 573,228 shares of the real estate investment trust’s stock worth $11,062,000 after purchasing an additional 28,219 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Urstadt Biddle Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,704 shares of the real estate investment trust’s stock worth $10,154,000 after purchasing an additional 6,413 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Urstadt Biddle Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 228,580 shares of the real estate investment trust’s stock worth $4,412,000 after purchasing an additional 6,110 shares in the last quarter. Institutional investors own 58.24% of the company’s stock.

Shares of UBA opened at $20.76 on Wednesday. Urstadt Biddle Properties Inc has a 12-month low of $17.20 and a 12-month high of $23.94. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $829.52 million, a P/E ratio of 18.05, a PEG ratio of 1.78 and a beta of 0.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.20%. The ex-dividend date is Thursday, October 4th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 93.91%.

In other Urstadt Biddle Properties news, VP John T. Hayes sold 3,834 shares of the firm’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $22.61, for a total transaction of $86,686.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 20.39% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on UBA shares. DA Davidson cut Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and cut their target price for the stock from $24.00 to $23.00 in a report on Tuesday, September 11th. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine cut Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.33.

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 84 properties containing approximately 5.1 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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Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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