American Century Companies Inc. reduced its position in Urstadt Biddle Properties Inc. (NYSE:UBA) by 28.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,957 shares of the real estate investment trust’s stock after selling 10,462 shares during the period. American Century Companies Inc. owned about 0.06% of Urstadt Biddle Properties worth $503,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new position in Urstadt Biddle Properties in the 1st quarter valued at about $65,000. Marshall Wace LLP bought a new position in Urstadt Biddle Properties in the 1st quarter valued at about $151,000. Russell Investments Group Ltd. raised its holdings in Urstadt Biddle Properties by 85.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,000 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,600 shares during the period. Diversified Trust Co bought a new position in Urstadt Biddle Properties in the 1st quarter valued at about $191,000. Finally, PEAK6 Investments LLC bought a new position in Urstadt Biddle Properties in the 1st quarter valued at about $193,000. Institutional investors and hedge funds own 51.89% of the company’s stock.
NYSE UBA opened at $19.09 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $768.98 million, a price-to-earnings ratio of 27.27 and a beta of 1.10. The firm’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $18.55. Urstadt Biddle Properties Inc. has a 1 year low of $8.22 and a 1 year high of $19.97.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be given a $0.23 dividend. The ex-dividend date is Thursday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 4.82%. Urstadt Biddle Properties’s dividend payout ratio is currently 77.31%.
Several research analysts have weighed in on UBA shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Urstadt Biddle Properties from $20.00 to $21.00 and gave the company a “hold” rating in a report on Friday, September 10th. TheStreet raised shares of Urstadt Biddle Properties from a “c” rating to a “b-” rating in a report on Thursday, September 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.80.
About Urstadt Biddle Properties
Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership and management of commercial properties. The firm operates through the Ridgeway and All Other Operating segments. Its portfolio includes neighborhood and community shopping centers in counties.
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