Urstadt Biddle Properties Inc (UBA) COO Sells $38,866.76 in Stock

Urstadt Biddle Properties Inc (NYSE:UBA) COO Stephan A. Rapaglia sold 1,874 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:UBA traded up $0.20 during mid-day trading on Friday, reaching $20.74. The stock had a trading volume of 129,286 shares, compared to its average volume of 100,133. The company has a market capitalization of $826.68 million, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 0.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.44 and a quick ratio of 8.44. Urstadt Biddle Properties Inc has a twelve month low of $18.50 and a twelve month high of $23.16.

Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings results on Friday, March 8th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm had revenue of $34.46 million during the quarter, compared to analyst estimates of $32.99 million. Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. Equities research analysts expect that Urstadt Biddle Properties Inc will post 1.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were given a $0.275 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.30%. Urstadt Biddle Properties’s dividend payout ratio is 74.83%.

Several large investors have recently made changes to their positions in UBA. Russell Investments Group Ltd. acquired a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at approximately $309,000. JPMorgan Chase & Co. increased its stake in Urstadt Biddle Properties by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,501 shares of the real estate investment trust’s stock worth $4,779,000 after purchasing an additional 18,797 shares in the last quarter. AXA increased its stake in Urstadt Biddle Properties by 38.7% during the 3rd quarter. AXA now owns 29,270 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 8,170 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Urstadt Biddle Properties by 3.0% during 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 purchasing an additional 14,019 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in Urstadt Biddle Properties by 3.0% during the 3rd quarter. Martingale Asset Management L P now owns 199,802 shares of the real estate investment trust’s stock worth $4,254,000 after purchasing an additional 5,901 shares in the last quarter. Institutional investors and hedge funds own 60.00% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th.

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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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