Urstadt Biddle Properties (NYSE:UBA) Raised to Hold at Zacks Investment Research

Urstadt Biddle Properties (NYSE:UBAGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, 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 weighed in on the stock. B. Riley restated a “buy” rating on shares of Urstadt Biddle Properties in a research report on Tuesday, March 15th. StockNews.com began coverage on shares of Urstadt Biddle Properties in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Urstadt Biddle Properties stock opened at $18.07 on Friday. The stock has a market cap of $738.63 million, a P/E ratio of 20.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.17 and a quick ratio of 4.17. Urstadt Biddle Properties has a 1 year low of $17.55 and a 1 year high of $21.66. The firm’s 50 day moving average price is $18.91 and its 200-day moving average price is $19.66.

Urstadt Biddle Properties (NYSE:UBAGet Rating) last released its quarterly earnings data on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Urstadt Biddle Properties had a net margin of 35.22% and a return on equity of 13.83%. As a group, equities analysts expect that Urstadt Biddle Properties will post 1.51 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in Urstadt Biddle Properties during the first quarter worth $28,000. Ensign Peak Advisors Inc purchased a new position in Urstadt Biddle Properties during the third quarter worth $38,000. Hillsdale Investment Management Inc. boosted its stake in Urstadt Biddle Properties by 71.4% during the first quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,000 shares during the period. Lazard Asset Management LLC boosted its stake 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 buying an additional 1,869 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 3,161 shares during the period. 52.08% of the stock is owned by institutional investors.

About Urstadt Biddle Properties (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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