KBC Group NV Has $141,000 Position in Urstadt Biddle Properties Inc. (UBA)

KBC Group NV decreased its position in shares of Urstadt Biddle Properties Inc. (NYSE:UBA) by 66.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,110 shares of the real estate investment trust’s stock after selling 13,986 shares during the period. KBC Group NV’s holdings in Urstadt Biddle Properties were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in Urstadt Biddle Properties by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 2,543 shares during the last quarter. Mason Street Advisors LLC lifted its position in Urstadt Biddle Properties by 10.3% during the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 651 shares during the last quarter. Credit Agricole S A lifted its position in Urstadt Biddle Properties by 54.3% during the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 3,048 shares during the last quarter. Lasalle Investment Management Securities LLC purchased a new stake in Urstadt Biddle Properties during the first quarter valued at approximately $212,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Urstadt Biddle Properties during the first quarter valued at approximately $228,000. 59.32% of the stock is owned by institutional investors.

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UBA has been the subject of a number of research analyst reports. BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. FBR & Co reaffirmed a “mkt perform” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. Finally, ValuEngine cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.33.

Urstadt Biddle Properties Inc. (UBA) opened at 21.76 on Tuesday. The firm has a 50 day moving average of $20.79 and a 200-day moving average of $20.26. Urstadt Biddle Properties Inc. has a 12-month low of $18.32 and a 12-month high of $25.43. The stock has a market cap of $820.40 million, a PE ratio of 20.88 and a beta of 0.53.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.94% and a return on equity of 13.56%. On average, analysts expect that Urstadt Biddle Properties Inc. will post $0.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.06 annualized dividend and a dividend yield of 4.87%. Urstadt Biddle Properties’s dividend payout ratio is presently 100.95%.

Urstadt Biddle Properties announced that its Board of Directors has authorized a stock repurchase program on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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

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