JPMorgan Chase & Co. Has $3.64 Million Stake in Urstadt Biddle Properties Inc. (UBA)

JPMorgan Chase & Co. trimmed its position in Urstadt Biddle Properties Inc. (NYSE:UBA) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,993 shares of the real estate investment trust’s stock after selling 27,732 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Urstadt Biddle Properties worth $3,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,543 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 651 shares during the last quarter. Credit Agricole S A lifted its stake in shares of Urstadt Biddle Properties by 54.3% in the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 3,048 shares during the last quarter. Naples Global Advisors LLC lifted its stake in shares of Urstadt Biddle Properties by 5.7% in the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 600 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Urstadt Biddle Properties in the first quarter worth $228,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

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Urstadt Biddle Properties Inc. (NYSE UBA) opened at 21.91 on Tuesday. The company’s 50-day moving average is $21.36 and its 200 day moving average is $20.38. Urstadt Biddle Properties Inc. has a 1-year low of $18.32 and a 1-year high of $25.43. The firm has a market capitalization of $826.09 million, a PE ratio of 20.91 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The company had revenue of $31.87 million during the quarter, compared to the consensus estimate of $29.30 million. On average, equities analysts expect that Urstadt Biddle Properties Inc. will post $0.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. FBR & Co restated a “hold” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Deutsche Bank AG restated a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.75.

In other news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible t

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Urstadt Biddle Properties by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,543 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 651 shares during the last quarter. Credit Agricole S A lifted its stake in shares of Urstadt Biddle Properties by 54.3% in the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 3,048 shares during the last quarter. Naples Global Advisors LLC lifted its stake in shares of Urstadt Biddle Properties by 5.7% in the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 600 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Urstadt Biddle Properties in the first quarter worth $228,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Has $3.64 Million Stake in Urstadt Biddle Properties Inc. (UBA)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/jpmorgan-chase-co-has-3-64-million-stake-in-urstadt-biddle-properties-inc-uba.html.

Urstadt Biddle Properties Inc. (NYSE UBA) opened at 21.91 on Tuesday. The company’s 50-day moving average is $21.36 and its 200 day moving average is $20.38. Urstadt Biddle Properties Inc. has a 1-year low of $18.32 and a 1-year high of $25.43. The firm has a market capitalization of $826.09 million, a PE ratio of 20.91 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%. The company had revenue of $31.87 million during the quarter, compared to the consensus estimate of $29.30 million. On average, equities analysts expect that Urstadt Biddle Properties Inc. will post $0.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 5th. Urstadt Biddle Properties’s dividend payout ratio is currently 99.07%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. FBR & Co restated a “hold” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Deutsche Bank AG restated a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.75.

In other news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John T. Hayes sold 4,900 shares of Urstadt Biddle Properties stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total value of $108,780.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by company insiders.

About Urstadt Biddle Properties

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.

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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