Steward Partners Investment Advisory LLC Decreases Stake in Urstadt Biddle Properties Inc. (NYSE:UBA)

Steward Partners Investment Advisory LLC lowered its position in Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating) by 35.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,815 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Urstadt Biddle Properties were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Urstadt Biddle Properties by 109.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,052 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 3,161 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Urstadt Biddle Properties by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 225,840 shares of the real estate investment trust’s stock valued at $4,810,000 after acquiring an additional 20,375 shares during the period. Mirabella Financial Services LLP increased its holdings in shares of Urstadt Biddle Properties by 60.4% in the 4th quarter. Mirabella Financial Services LLP now owns 22,100 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 8,322 shares during the period. Naples Global Advisors LLC increased its stake in Urstadt Biddle Properties by 41.5% in the 4th quarter. Naples Global Advisors LLC now owns 14,245 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 4,175 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Urstadt Biddle Properties by 1.6% in the 4th quarter. Victory Capital Management Inc. now owns 109,494 shares of the real estate investment trust’s stock valued at $2,332,000 after buying an additional 1,697 shares during the period. Institutional investors and hedge funds own 52.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on shares of Urstadt Biddle Properties from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Urstadt Biddle Properties Stock Performance

Shares of UBA opened at $17.63 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 6.45 and a current ratio of 6.45. The stock has a market capitalization of $720.64 million, a P/E ratio of 18.36 and a beta of 1.06. The company’s fifty day moving average is $16.88 and its two-hundred day moving average is $18.01. Urstadt Biddle Properties Inc. has a 1 year low of $15.43 and a 1 year high of $21.66.

Urstadt Biddle Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.237 per share. The ex-dividend date was Thursday, June 30th. This represents a $0.95 annualized dividend and a dividend yield of 5.38%. Urstadt Biddle Properties’s payout ratio is currently 98.96%.

About Urstadt Biddle Properties

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Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 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.

See Also

Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating).

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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