Zacks Investment Research Downgrades Urstadt Biddle Properties (NYSE:UBA) to Sell

Urstadt Biddle Properties (NYSE:UBAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, Zacks.com reports.

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. “

Several other equities research analysts have also recently issued reports on UBA. B. Riley reiterated a “buy” rating on shares of Urstadt Biddle Properties in a research note on Tuesday, March 15th. StockNews.com assumed coverage on Urstadt Biddle Properties in a research note on Thursday, March 31st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Urstadt Biddle Properties currently has a consensus rating of “Hold” and an average price target of $22.00.

Shares of NYSE:UBA opened at $18.31 on Friday. Urstadt Biddle Properties has a 12-month low of $17.24 and a 12-month high of $21.66. The stock has a market cap of $748.51 million, a PE ratio of 20.34 and a beta of 1.07. The business has a 50 day moving average of $19.08 and a 200-day moving average of $19.74. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 0.85.

Urstadt Biddle Properties (NYSE:UBAGet Rating) last issued its quarterly earnings data on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share (EPS) 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%. Equities research analysts expect that Urstadt Biddle Properties will post 1.51 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management raised its position in Urstadt Biddle Properties by 20.2% during the fourth quarter. LSV Asset Management now owns 145,475 shares of the real estate investment trust’s stock valued at $3,099,000 after purchasing an additional 24,426 shares in the last quarter. Man Group plc raised its position in Urstadt Biddle Properties by 42.5% during the third quarter. Man Group plc now owns 38,200 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 11,400 shares in the last quarter. Geode Capital Management LLC raised its position in Urstadt Biddle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 649,164 shares of the real estate investment trust’s stock valued at $12,288,000 after purchasing an additional 10,626 shares in the last quarter. Metropolitan Life Insurance Co NY raised its position 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 valued at $184,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Naples Global Advisors LLC acquired a new position in Urstadt Biddle Properties during the third quarter valued at approximately $191,000. Institutional investors and hedge funds 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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