Investment Analysts’ Recent Ratings Updates for Urstadt Biddle Properties (UBA)

Several analysts have recently updated their ratings and price targets for Urstadt Biddle Properties (NYSE: UBA):

  • 9/20/2022 – Urstadt Biddle Properties was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 9/14/2022 – Urstadt Biddle Properties had its price target lowered by analysts at B. Riley from $20.00 to $19.00. They now have a “buy” rating on the stock.
  • 9/13/2022 – Urstadt Biddle Properties had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $22.00 to $19.00. They now have a “hold” rating on the stock.
  • 9/12/2022 – Urstadt Biddle Properties was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/12/2022 – Urstadt Biddle Properties was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.

Urstadt Biddle Properties Stock Performance

Urstadt Biddle Properties stock opened at $16.01 on Friday. The business has a 50 day moving average of $17.31 and a 200-day moving average of $17.50. Urstadt Biddle Properties Inc. has a 1 year low of $15.43 and a 1 year high of $21.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.64 and a quick ratio of 3.64. The company has a market capitalization of $642.27 million, a P/E ratio of 24.63 and a beta of 1.08.

Urstadt Biddle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Thursday, September 29th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. Urstadt Biddle Properties’s dividend payout ratio is currently 146.16%.

Institutional Trading of Urstadt Biddle Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its holdings in shares of Urstadt Biddle Properties by 23.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,196 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Urstadt Biddle Properties by 1.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 36,841 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 620 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Urstadt Biddle Properties by 16.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 5,066 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 720 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Urstadt Biddle Properties by 21.5% during the 2nd quarter. Lazard Asset Management LLC now owns 4,343 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 769 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Urstadt Biddle Properties by 2.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,014 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 816 shares in the last quarter. Institutional investors and hedge funds own 53.89% of the company’s stock.

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.

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