RMR Advisors LLC boosted its stake in Urstadt Biddle Properties Inc (NYSE:UBA) by 3.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,000 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. RMR Advisors LLC owned 0.08% of Urstadt Biddle Properties worth $640,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in UBA. Norges Bank bought a new position in Urstadt Biddle Properties in the 4th quarter valued at about $7,309,000. BlackRock Inc. lifted its holdings in Urstadt Biddle Properties by 5.8% in the 3rd quarter. BlackRock Inc. now owns 5,006,559 shares of the real estate investment trust’s stock valued at $106,590,000 after acquiring an additional 272,242 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Urstadt Biddle Properties by 16.4% in the 3rd quarter. Renaissance Technologies LLC now owns 982,817 shares of the real estate investment trust’s stock valued at $20,924,000 after acquiring an additional 138,417 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Urstadt Biddle Properties by 14.9% in the 4th quarter. Martingale Asset Management L P now owns 229,502 shares of the real estate investment trust’s stock valued at $4,412,000 after acquiring an additional 29,700 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Urstadt Biddle Properties by 17.3% in the 3rd quarter. Morgan Stanley now owns 187,707 shares of the real estate investment trust’s stock valued at $3,997,000 after acquiring an additional 27,676 shares during the last quarter. Hedge funds and other institutional investors own 60.00% of the company’s stock.
NYSE UBA traded down $0.03 on Wednesday, reaching $20.55. The company’s stock had a trading volume of 445 shares, compared to its average volume of 95,646. Urstadt Biddle Properties Inc has a twelve month low of $18.50 and a twelve month high of $23.16. The company has a current ratio of 8.44, a quick ratio of 8.44 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $817.53 million, a price-to-earnings ratio of 13.94, a PEG ratio of 1.83 and a beta of 0.54.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, March 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. The firm had revenue of $34.46 million for the quarter, compared to analysts’ expectations of $32.99 million. As a group, research analysts predict that Urstadt Biddle Properties Inc will post 1.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Wednesday, April 3rd. Urstadt Biddle Properties’s dividend payout ratio is presently 74.83%.
In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,874 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.78% of the stock is currently owned by corporate insiders.
Separately, Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th.
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Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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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