WINTON GROUP Ltd Raises Holdings in Urstadt Biddle Properties Inc. (NYSE:UBA)

WINTON GROUP Ltd increased its position in Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating) by 29.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,893 shares of the real estate investment trust’s stock after buying an additional 4,740 shares during the quarter. WINTON GROUP Ltd’s holdings in Urstadt Biddle Properties were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Advisor Group Holdings Inc. raised its position in shares of Urstadt Biddle Properties by 23.1% in 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 during the period. Lazard Asset Management LLC raised its position in Urstadt Biddle Properties by 21.5% in the second quarter. Lazard Asset Management LLC now owns 4,343 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 769 shares during the period. KBC Group NV raised its position in Urstadt Biddle Properties by 28.7% in the first quarter. KBC Group NV now owns 4,789 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 1,067 shares during the period. US Bancorp DE purchased a new position in Urstadt Biddle Properties in the second quarter valued at about $89,000. Finally, PNC Financial Services Group Inc. raised its position in Urstadt Biddle Properties by 42.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 1,963 shares during the period. 53.89% of the stock is owned by hedge funds and other institutional investors.

Urstadt Biddle Properties Stock Up 1.2 %

Shares of Urstadt Biddle Properties stock opened at $19.00 on Monday. The business has a 50-day moving average of $17.34 and a 200-day moving average of $17.16. 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 $762.22 million, a PE ratio of 29.23 and a beta of 1.10. Urstadt Biddle Properties Inc. has a 1-year low of $15.07 and a 1-year high of $21.64.

Urstadt Biddle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a dividend of $0.2375 per share. The ex-dividend date of this dividend was Thursday, September 29th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a dividend yield of 5.00%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 146.16%.

Analysts Set New Price Targets

UBA has been the topic of several research reports. TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Monday, September 12th. Piper Sandler cut their price objective on Urstadt Biddle Properties from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. B. Riley cut their price objective on Urstadt Biddle Properties from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Urstadt Biddle Properties from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, September 13th. Finally, StockNews.com assumed coverage on Urstadt Biddle Properties in a research note on Wednesday, October 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Urstadt Biddle Properties presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Urstadt Biddle Properties Profile

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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.

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

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