Urstadt Biddle Properties Inc. (NYSE:UBA) VP John T. Hayes sold 3,000 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $22.15, for a total transaction of $66,450.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) opened at 21.49 on Monday. The firm’s 50-day moving average is $22.43 and its 200-day moving average is $22.35. The company has a market capitalization of $796.91 million, a PE ratio of 20.60 and a beta of 0.76. Urstadt Biddle Properties Inc. has a 12-month low of $18.27 and a 12-month high of $25.19.
Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings results on Thursday, September 8th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $28.30 million for the quarter. Urstadt Biddle Properties had a return on equity of 14.81% and a net margin of 45.17%. On average, equities research analysts anticipate that Urstadt Biddle Properties Inc. will post $1.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.04 annualized dividend and a yield of 4.84%. Urstadt Biddle Properties’s dividend payout ratio is currently 98.11%.
Several research firms have commented on UBA. Deutsche Bank AG downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research report on Monday, July 18th. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th.
Large investors have recently bought and sold shares of the stock. Aperio Group LLC raised 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 worth $339,000 after buying an additional 4,406 shares during the last quarter. Virginia Retirement System bought a new position in shares of Urstadt Biddle Properties during the first quarter worth $277,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Urstadt Biddle Properties by 3.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,585 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 725 shares during the last quarter. Prudential Financial Inc. raised 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 worth $1,567,000 after buying an additional 2,218 shares during the last quarter. Finally, Menta Capital LLC bought a new position in shares of Urstadt Biddle Properties during the first quarter worth $492,000. 53.63% of the stock is currently owned by institutional investors and hedge funds.
Urstadt Biddle Properties Company Profile
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.
Receive News & Ratings for Urstadt Biddle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.