State of Tennessee Treasury Department Purchases 2,443 Shares of Urstadt Biddle Properties Inc. (NYSE:UBA)

State of Tennessee Treasury Department boosted its stake in Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,974 shares of the real estate investment trust’s stock after acquiring an additional 2,443 shares during the period. State of Tennessee Treasury Department’s holdings in Urstadt Biddle Properties were worth $395,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new position in Urstadt Biddle Properties during the fourth quarter valued at approximately $230,000. Victory Capital Management Inc. raised its holdings in Urstadt Biddle Properties by 1.6% in the 4th quarter. Victory Capital Management Inc. now owns 109,494 shares of the real estate investment trust’s stock worth $2,332,000 after purchasing an additional 1,697 shares in the last quarter. Northern Trust Corp raised its holdings in Urstadt Biddle Properties by 1.9% in the 4th quarter. Northern Trust Corp now owns 341,357 shares of the real estate investment trust’s stock worth $7,271,000 after purchasing an additional 6,385 shares in the last quarter. First Trust Advisors LP grew its position in shares of Urstadt Biddle Properties by 13.4% in the 4th quarter. First Trust Advisors LP now owns 54,242 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 6,409 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Urstadt Biddle Properties by 8.8% in the 4th quarter. Bank of America Corp DE now owns 113,181 shares of the real estate investment trust’s stock worth $2,410,000 after buying an additional 9,172 shares during the period. Institutional investors own 53.89% of the company’s stock.

Urstadt Biddle Properties Trading Down 0.7 %

UBA stock opened at $16.52 on Monday. The firm has a fifty day moving average price of $17.30 and a 200 day moving average price of $17.82. Urstadt Biddle Properties Inc. has a fifty-two week low of $15.43 and a fifty-two week high of $21.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 6.45 and a current ratio of 6.45. The firm has a market cap of $675.27 million, a PE ratio of 17.21 and a beta of 1.06.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on shares of Urstadt Biddle Properties from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.33.

Urstadt Biddle Properties 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.

Further Reading

Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating).

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.