Urstadt Biddle Properties Inc. (UBA) Rating Reiterated by Deutsche Bank AG

Urstadt Biddle Properties Inc. (NYSE:UBA)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a $23.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $22.00. Deutsche Bank AG’s target price indicates a potential upside of 5.70% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. FBR & Co reiterated a “mkt perform” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.50.

Shares of Urstadt Biddle Properties (UBA) traded up 0.93% during midday trading on Wednesday, reaching $21.76. The company’s stock had a trading volume of 122,023 shares. Urstadt Biddle Properties has a 52 week low of $18.32 and a 52 week high of $25.43. The stock has a market capitalization of $820.44 million, a PE ratio of 20.76 and a beta of 0.53. The company has a 50 day moving average price of $20.96 and a 200-day moving average price of $20.25.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.17. The firm had revenue of $31.87 million for the quarter, compared to analyst estimates of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. On average, equities research analysts expect that Urstadt Biddle Properties will post $0.94 EPS for the current year.

Urstadt Biddle Properties announced that its board has approved a share buyback plan on Friday, June 9th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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A number of hedge funds have recently added to or reduced their stakes in UBA. Teachers Advisors LLC raised its holdings in Urstadt Biddle Properties by 11.3% in the 4th quarter. Teachers Advisors LLC now owns 46,318 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 4,693 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Urstadt Biddle Properties by 4.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 500 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Urstadt Biddle Properties by 181.2% in the 1st quarter. Nationwide Fund Advisors now owns 95,732 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 61,689 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Urstadt Biddle Properties by 20.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 45,560 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 7,677 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Urstadt Biddle Properties by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 507,060 shares of the real estate investment trust’s stock valued at $10,425,000 after acquiring an additional 2,282 shares during the last quarter. Institutional investors own 59.32% of the company’s stock.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

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