LS Investment Advisors LLC boosted its position in Urstadt Biddle Properties Inc (NYSE:UBA) by 318.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,878 shares of the real estate investment trust’s stock after purchasing an additional 2,952 shares during the period. LS Investment Advisors LLC’s holdings in Urstadt Biddle Properties were worth $75,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of UBA. Meeder Asset Management Inc. lifted its stake in Urstadt Biddle Properties by 64.0% in the 4th quarter. Meeder Asset Management Inc. now owns 7,078 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 2,761 shares during the last quarter. Jefferies Group LLC acquired a new stake in Urstadt Biddle Properties in the 3rd quarter valued at about $201,000. Macquarie Group Ltd. lifted its stake in Urstadt Biddle Properties by 42.2% in the 3rd quarter. Macquarie Group Ltd. now owns 11,800 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 3,500 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Urstadt Biddle Properties by 32.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 12,473 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Urstadt Biddle Properties by 21.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 15,565 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 2,750 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.
Shares of UBA stock opened at $21.71 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.35 and a quick ratio of 18.35. The company has a market cap of $874.17 million, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.93 and a beta of 0.57. Urstadt Biddle Properties Inc has a 12-month low of $17.45 and a 12-month high of $23.16.
Several equities research analysts recently issued reports on UBA shares. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, October 31st. ValuEngine downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.00.
In related news, CEO Willing L. Biddle acquired 41,600 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $644,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.78% of the company’s stock.
Urstadt Biddle Properties Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 properties containing approximately 5.1 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.
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