Urstadt Biddle Properties (NYSE:UBA) Given New $20.00 Price Target at Piper Sandler

Urstadt Biddle Properties (NYSE:UBAGet Rating) had its price objective cut by stock analysts at Piper Sandler from $21.00 to $20.00 in a report released on Friday, The Fly reports. Piper Sandler’s target price would indicate a potential upside of 19.90% from the stock’s previous close.

Several other analysts have also commented on UBA. B. Riley reaffirmed a “buy” rating on shares of Urstadt Biddle Properties in a research report on Tuesday, March 15th. StockNews.com initiated coverage on shares of Urstadt Biddle Properties in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Urstadt Biddle Properties presently has a consensus rating of “Buy” and a consensus price target of $21.50.

Urstadt Biddle Properties stock opened at $16.68 on Friday. Urstadt Biddle Properties has a fifty-two week low of $16.30 and a fifty-two week high of $21.66. The stock has a market cap of $681.81 million, a PE ratio of 18.53 and a beta of 1.06. The firm’s 50-day simple moving average is $17.68 and its 200 day simple moving average is $19.05. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.17 and a current ratio of 4.17.

Urstadt Biddle Properties (NYSE:UBAGet Rating) last announced its quarterly earnings data on Friday, March 11th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate 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, analysts predict that Urstadt Biddle Properties will post 1.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Urstadt Biddle Properties during the 1st quarter worth approximately $151,000. Morgan Stanley increased its holdings in Urstadt Biddle Properties by 39.3% during the 2nd quarter. Morgan Stanley now owns 152,740 shares of the real estate investment trust’s stock worth $2,960,000 after acquiring an additional 43,102 shares during the period. Geode Capital Management LLC increased its holdings in Urstadt Biddle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 649,164 shares of the real estate investment trust’s stock worth $12,288,000 after acquiring an additional 10,626 shares during the period. Renaissance Technologies LLC increased its holdings in Urstadt Biddle Properties by 23.9% during the 3rd quarter. Renaissance Technologies LLC now owns 360,717 shares of the real estate investment trust’s stock worth $6,828,000 after acquiring an additional 69,500 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Urstadt Biddle Properties by 13.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,067 shares of the real estate investment trust’s stock worth $494,000 after acquiring an additional 3,042 shares during the period. 52.39% of the stock is currently owned by institutional investors.

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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