Virtu Financial LLC acquired a new position in shares of Urstadt Biddle Properties Inc (NYSE:UBA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,950 shares of the real estate investment trust’s stock, valued at approximately $303,000.
Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of Urstadt Biddle Properties in the 4th quarter valued at about $130,000. Tower Research Capital LLC TRC boosted its holdings in shares of Urstadt Biddle Properties by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 3,482 shares during the period. SG Americas Securities LLC acquired a new position in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $183,000. Janney Montgomery Scott LLC acquired a new position in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $202,000. Finally, Stevens Capital Management LP acquired a new position in shares of Urstadt Biddle Properties in the 3rd quarter valued at about $207,000. 61.39% of the stock is owned by institutional investors.
Several research firms have recently commented on UBA. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. TheStreet lowered shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, B. Riley set a $20.00 price target on shares of Urstadt Biddle Properties and gave the company a “hold” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Urstadt Biddle Properties currently has a consensus rating of “Hold” and a consensus target price of $21.75.
In other news, Director Catherine U. Biddle acquired 109,542 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.06% of the company’s stock.
Shares of Urstadt Biddle Properties Inc (NYSE UBA) opened at $19.09 on Thursday. The firm has a market cap of $737.40, a PE ratio of 15.77, a P/E/G ratio of 1.81 and a beta of 0.49. Urstadt Biddle Properties Inc has a 52-week low of $17.20 and a 52-week high of $23.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.49 and a quick ratio of 7.14.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million during the quarter, compared to the consensus estimate of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. equities analysts predict that Urstadt Biddle Properties Inc will post 1.32 earnings per share for the current year.
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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