WINTON GROUP Ltd increased its stake in shares of Urstadt Biddle Properties Inc. (NYSE:UBA – Get Rating) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,893 shares of the real estate investment trust’s stock after purchasing an additional 4,740 shares during the quarter. WINTON GROUP Ltd owned 0.05% of Urstadt Biddle Properties worth $338,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of UBA. Advisor Group Holdings Inc. raised its stake in Urstadt Biddle Properties by 23.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,196 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 600 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Urstadt Biddle Properties by 21.5% during the 2nd quarter. Lazard Asset Management LLC now owns 4,343 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 769 shares in the last quarter. US Bancorp DE purchased a new position in shares of Urstadt Biddle Properties during the 2nd quarter worth approximately $89,000. KBC Group NV raised its stake in shares of Urstadt Biddle Properties by 28.7% during the 1st quarter. KBC Group NV now owns 4,789 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 1,067 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Urstadt Biddle Properties by 42.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 1,963 shares in the last quarter. 53.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Urstadt Biddle Properties from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, September 13th. B. Riley lowered their price target on Urstadt Biddle Properties from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. StockNews.com began coverage on Urstadt Biddle Properties in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. TheStreet cut Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Monday, September 12th. Finally, Piper Sandler lowered their price target on Urstadt Biddle Properties from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Urstadt Biddle Properties Price Performance
Urstadt Biddle Properties Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Thursday, September 29th. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.24. Urstadt Biddle Properties’s dividend payout ratio is 146.16%.
Urstadt Biddle Properties Company Profile
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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