Emerald Acquisition Ltd. purchased a new position in Urstadt Biddle Properties Inc. (NYSE:UBA) during the second quarter, Holdings Channel reports. The fund purchased 48,450 shares of the real estate investment trust’s stock, valued at approximately $1,201,000. Emerald Acquisition Ltd. owned about 0.14% of Urstadt Biddle Properties at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Urstadt Biddle Properties by 3.1% in the first quarter. Prudential Financial Inc. now owns 74,796 shares of the real estate investment trust’s stock valued at $1,567,000 after buying an additional 2,218 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of Urstadt Biddle Properties by 112.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 165,285 shares of the real estate investment trust’s stock valued at $3,463,000 after buying an additional 87,328 shares during the period. Aperio Group LLC boosted its position in shares of Urstadt Biddle Properties by 37.4% in the first quarter. Aperio Group LLC now owns 16,182 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 4,406 shares during the period. Menta Capital LLC bought a new position in shares of Urstadt Biddle Properties during the first quarter valued at $492,000. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Urstadt Biddle Properties by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,129 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 53.65% of the company’s stock.
Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) traded down 0.09% during midday trading on Friday, hitting $21.49. The stock had a trading volume of 96,321 shares. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $22.35. Urstadt Biddle Properties Inc. has a 12 month low of $18.27 and a 12 month high of $25.19. The stock has a market cap of $796.91 million, a PE ratio of 20.60 and a beta of 0.76.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Thursday, September 8th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The company earned $28.30 million during the quarter. Urstadt Biddle Properties had a return on equity of 14.81% and a net margin of 45.17%. Equities analysts anticipate that Urstadt Biddle Properties Inc. will post $1.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Wednesday, October 5th. Urstadt Biddle Properties’s payout ratio is 98.11%.
Several equities analysts have weighed in on UBA shares. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Saturday, June 18th. Deutsche Bank AG lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Monday, July 18th.
In other Urstadt Biddle Properties news, VP John T. Hayes sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $22.15, for a total value of $66,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.82% of the stock is owned by company insiders.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York.
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