Urstadt Biddle Properties (NYSE:UBA) Receives Neutral Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of Urstadt Biddle Properties (NYSE:UBA) in a research report released on Monday, Zacks.com reports.

UBA has been the topic of a number of other research reports. Zacks Investment Research cut Urstadt Biddle Properties from a hold rating to a sell rating in a research note on Saturday, July 13th. TheStreet upgraded Urstadt Biddle Properties from a c+ rating to a b- rating in a research note on Wednesday, May 22nd.

Urstadt Biddle Properties stock traded up $0.07 during mid-day trading on Monday, hitting $21.49. 84,371 shares of the company were exchanged, compared to its average volume of 96,944. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. The firm has a 50 day moving average price of $21.33. The firm has a market cap of $851.41 million, a P/E ratio of 14.62, a P/E/G ratio of 1.90 and a beta of 0.47. Urstadt Biddle Properties has a 12-month low of $18.50 and a 12-month high of $23.16.

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Wednesday, July 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.

Several large investors have recently bought and sold shares of UBA. Victory Capital Management Inc. lifted its position in Urstadt Biddle Properties by 23.2% in the first quarter. Victory Capital Management Inc. now owns 89,816 shares of the real estate investment trust’s stock worth $1,854,000 after purchasing an additional 16,900 shares during the period. Geode Capital Management LLC increased its stake in shares of Urstadt Biddle Properties by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 358,059 shares of the real estate investment trust’s stock worth $6,881,000 after acquiring an additional 14,886 shares during the last quarter. Albert D Mason Inc. increased its stake in shares of Urstadt Biddle Properties by 0.6% in the first quarter. Albert D Mason Inc. now owns 84,489 shares of the real estate investment trust’s stock worth $1,744,000 after acquiring an additional 470 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Urstadt Biddle Properties by 9.6% in the second quarter. State of Alaska Department of Revenue now owns 21,677 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 1,890 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Urstadt Biddle Properties by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 464,779 shares of the real estate investment trust’s stock worth $8,933,000 after acquiring an additional 9,294 shares during the last quarter. 58.54% of the stock is owned by institutional investors.

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.

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