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

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

Separately, Piper Sandler lowered Urstadt Biddle Properties from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 18th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.00.

Urstadt Biddle Properties Stock Down 2.0 %

Shares of Urstadt Biddle Properties stock opened at $18.97 on Friday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.00. The business’s 50 day simple moving average is $17.44 and its 200-day simple moving average is $18.06. The stock has a market capitalization of $746.09 million, a price-to-earnings ratio of 26.72 and a beta of 1.11. Urstadt Biddle Properties has a twelve month low of $15.07 and a twelve month high of $20.35.

Institutional Investors Weigh In On Urstadt Biddle Properties

Hedge funds and other 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% during 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 period. State Board of Administration of Florida Retirement System grew its holdings in shares of Urstadt Biddle Properties by 80.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 87,607 shares of the real estate investment trust’s stock valued at $1,359,000 after buying an additional 38,987 shares during the period. Cambria Investment Management L.P. grew its holdings in shares of Urstadt Biddle Properties by 53.8% in the 3rd quarter. Cambria Investment Management L.P. now owns 20,000 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 7,000 shares during the period. Baker Ellis Asset Management LLC grew its holdings in shares of Urstadt Biddle Properties by 4.1% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 78,422 shares of the real estate investment trust’s stock valued at $1,216,000 after buying an additional 3,087 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in Urstadt Biddle Properties in the 3rd quarter worth $470,000. 52.26% of the stock is owned by institutional investors and hedge funds.

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.