California State Teachers Retirement System Reduces Position in Urstadt Biddle Properties Inc. (NYSE:UBA)

California State Teachers Retirement System reduced its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,844 shares of the real estate investment trust’s stock after selling 1,084 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Urstadt Biddle Properties worth $647,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in shares of Urstadt Biddle Properties during the 2nd quarter valued at $45,000. Advisor Group Holdings Inc. lifted 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 acquiring an additional 600 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Urstadt Biddle Properties by 19.1% in the fourth quarter. Quadrant Capital Group LLC now owns 4,530 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 725 shares during the period. PNC Financial Services Group Inc. raised its stake in 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 valued at $125,000 after purchasing an additional 1,963 shares during the period. Finally, EMC Capital Management lifted its holdings in Urstadt Biddle Properties by 24.4% in the 4th quarter. EMC Capital Management now owns 8,701 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 1,706 shares in the last quarter. 51.81% of the stock is owned by institutional investors.

Urstadt Biddle Properties Trading Down 1.8 %

UBA stock opened at $21.14 on Tuesday. The firm has a fifty day moving average price of $21.85 and a 200 day moving average price of $19.44. Urstadt Biddle Properties Inc. has a fifty-two week low of $15.07 and a fifty-two week high of $23.16. The firm has a market cap of $831.44 million, a PE ratio of 31.55 and a beta of 1.12. The company has a debt-to-equity ratio of 1.00, a quick ratio of 6.34 and a current ratio of 6.34.

Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Wednesday, June 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Urstadt Biddle Properties had a return on equity of 11.38% and a net margin of 27.05%. The business had revenue of $35.07 million during the quarter, compared to the consensus estimate of $36.14 million. Sell-side analysts anticipate that Urstadt Biddle Properties Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBA. Piper Sandler lifted their price objective on shares of Urstadt Biddle Properties from $20.00 to $21.00 in a research report on Thursday, June 8th. StockNews.com started coverage on shares of Urstadt Biddle Properties in a research note on Wednesday, August 30th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.67.

Urstadt Biddle Properties Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 77 properties containing approximately 5.3 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.