StockNews.com Downgrades Urstadt Biddle Properties (NYSE:UBA) to Hold

Urstadt Biddle Properties (NYSE:UBA – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

Urstadt Biddle Properties Trading Up 0.3 %

Shares of Urstadt Biddle Properties stock opened at $17.73 on Wednesday. The firm has a market cap of $697.32 million, a price-to-earnings ratio of 24.97 and a beta of 1.08. The business has a 50-day moving average price of $18.06 and a 200-day moving average price of $17.88. The company has a quick ratio of 6.94, a current ratio of 3.96 and a debt-to-equity ratio of 1.00. Urstadt Biddle Properties has a twelve month low of $15.07 and a twelve month high of $19.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC lifted its stake in Urstadt Biddle Properties by 10.8% in the third quarter. Penserra Capital Management LLC now owns 18,926 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 1,840 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Urstadt Biddle Properties by 80.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 87,607 shares of the real estate investment trust’s stock worth $1,359,000 after acquiring an additional 38,987 shares during the period. Cambria Investment Management L.P. increased its position in shares of Urstadt Biddle Properties by 53.8% during the third quarter. Cambria Investment Management L.P. now owns 20,000 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 7,000 shares during the period. EMC Capital Management increased its position in shares of Urstadt Biddle Properties by 99.9% during the second quarter. EMC Capital Management now owns 6,995 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 3,495 shares during the period. Finally, Grace & White Inc. NY increased its position in shares of Urstadt Biddle Properties by 2.4% during the third quarter. Grace & White Inc. NY now owns 324,927 shares of the real estate investment trust’s stock worth $5,040,000 after acquiring an additional 7,600 shares during the period. Institutional investors own 52.26% of the company’s stock.

Urstadt Biddle Properties Company Profile

(Get Rating)

Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership, and management of commercial properties. It operates through the Ridgeway and All Other Operating segments. The company was founded on July 7, 1969 and is headquartered in Greenwich, CT.