MetLife Investment Advisors LLC cut its holdings in Urstadt Biddle Properties Inc (NYSE:UBA) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,207 shares of the real estate investment trust’s stock after selling 7,703 shares during the period. MetLife Investment Advisors LLC’s holdings in Urstadt Biddle Properties were worth $254,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Urstadt Biddle Properties by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock valued at $1,401,000 after buying an additional 616 shares during the period. Texas Permanent School Fund lifted its position in shares of Urstadt Biddle Properties by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 751 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Urstadt Biddle Properties by 5.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 19,400 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 1,000 shares during the period. Advisor Group Inc. lifted its position in shares of Urstadt Biddle Properties by 59.8% in the 4th quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,060 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Urstadt Biddle Properties by 2.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,689 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 1,104 shares during the period. 59.98% of the stock is owned by hedge funds and other institutional investors.
Urstadt Biddle Properties stock traded up $0.11 during mid-day trading on Friday, reaching $23.03. 88,022 shares of the company traded hands, compared to its average volume of 110,711. The firm has a market capitalization of $917.98 million, a price-to-earnings ratio of 15.67, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 8.44, a quick ratio of 8.44 and a debt-to-equity ratio of 0.88. Urstadt Biddle Properties Inc has a fifty-two week low of $18.50 and a fifty-two week high of $23.16.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Wednesday, April 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.
Separately, Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th.
In related news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction 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 through the SEC website. Corporate insiders own 20.78% of the company’s stock.
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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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