According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “
A number of other research firms have also recently commented on UBA. StockNews.com assumed coverage on shares of Urstadt Biddle Properties in a report on Thursday, March 31st. They issued a buy rating for the company. B. Riley restated a buy rating on shares of Urstadt Biddle Properties in a report on Tuesday, March 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $22.00.
Urstadt Biddle Properties (NYSE:UBA – Get Rating) last announced its earnings results on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Urstadt Biddle Properties had a return on equity of 13.83% and a net margin of 35.22%. As a group, equities analysts expect that Urstadt Biddle Properties will post 1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Friday, April 1st will be issued a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Thursday, March 31st. Urstadt Biddle Properties’s dividend payout ratio is currently 105.56%.
Several hedge funds and other institutional investors have recently modified their holdings of UBA. Ensign Peak Advisors Inc acquired a new position in shares of Urstadt Biddle Properties during the third quarter valued at about $38,000. Lazard Asset Management LLC boosted its holdings in Urstadt Biddle Properties by 138.4% during the fourth quarter. Lazard Asset Management LLC now owns 3,219 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,869 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Urstadt Biddle Properties by 109.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,052 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 3,161 shares during the last quarter. Marshall Wace LLP purchased a new position in Urstadt Biddle Properties during the first quarter worth about $151,000. Finally, Metropolitan Life Insurance Co NY boosted its holdings in Urstadt Biddle Properties by 24.8% during the third quarter. Metropolitan Life Insurance Co NY now owns 9,731 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,936 shares during the last quarter. Hedge funds and other institutional investors own 52.08% of the company’s stock.
Urstadt Biddle Properties Company Profile (Get Rating)
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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