Texas Permanent School Fund Trims Stake in Urstadt Biddle Properties Inc. (NYSE:UBA)

Texas Permanent School Fund cut its stake in Urstadt Biddle Properties Inc. (NYSE:UBA – Get Rating) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,070 shares of the real estate investment trust’s stock after selling 1,626 shares during the quarter. Texas Permanent School Fund owned about 0.05% of Urstadt Biddle Properties worth $380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBA. Captrust Financial Advisors acquired a new position in shares of Urstadt Biddle Properties in the 2nd quarter valued at about $45,000. Quadrant Capital Group LLC grew its position in shares of Urstadt Biddle Properties by 442.8% in the third quarter. Quadrant Capital Group LLC now owns 3,805 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 3,104 shares in the last quarter. Advisor Group Holdings Inc. grew its position in shares of Urstadt Biddle Properties by 23.1% in the first quarter. Advisor Group Holdings Inc. now owns 3,196 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 600 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Urstadt Biddle Properties by 18.5% in the third quarter. Mutual of America Capital Management LLC now owns 6,002 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 936 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Urstadt Biddle Properties by 42.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 1,963 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Piper Sandler cut Urstadt Biddle Properties from an “overweight” rating to a “neutral” rating in a research note on Thursday. StockNews.com began coverage on Urstadt Biddle Properties in a report on Thursday. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Urstadt Biddle Properties Price Performance

Shares of UBA opened at $20.10 on Friday. Urstadt Biddle Properties Inc. has a twelve month low of $15.07 and a twelve month high of $20.35. The stock’s 50 day moving average is $17.24 and its two-hundred day moving average is $18.03. The firm has a market capitalization of $790.47 million, a PE ratio of 28.31 and a beta of 1.11. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.00.

Urstadt Biddle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Monday, April 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, March 31st. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 140.85%.

About Urstadt Biddle Properties

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Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership, and management of commercial properties. It operates through the Ridgeway and All Other Operating segments. The company was founded on July 7, 1969 and is headquartered in Greenwich, CT.