Redpoint Investment Management Pty Ltd Buys Shares of 18,519 Urstadt Biddle Properties Inc (UBA)

Redpoint Investment Management Pty Ltd bought a new position in shares of Urstadt Biddle Properties Inc (NYSE:UBA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,519 shares of the real estate investment trust’s stock, valued at approximately $394,000.

A number of other institutional investors have also added to or reduced their stakes in UBA. BlackRock Inc. lifted its holdings in Urstadt Biddle Properties by 7.2% during the 2nd quarter. BlackRock Inc. now owns 4,734,317 shares of the real estate investment trust’s stock worth $107,138,000 after buying an additional 319,942 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Urstadt Biddle Properties by 20.8% during the 2nd quarter. Renaissance Technologies LLC now owns 844,400 shares of the real estate investment trust’s stock worth $19,109,000 after buying an additional 145,300 shares in the last quarter. Millennium Management LLC lifted its holdings in Urstadt Biddle Properties by 480.9% during the 1st quarter. Millennium Management LLC now owns 165,009 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 136,604 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Urstadt Biddle Properties by 114.8% during the 2nd quarter. Dupont Capital Management Corp now owns 64,541 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 34,498 shares in the last quarter. Finally, TD Asset Management Inc. acquired a new stake in Urstadt Biddle Properties during the 2nd quarter worth approximately $690,000. Institutional investors own 58.39% of the company’s stock.

Shares of NYSE:UBA opened at $20.35 on Friday. Urstadt Biddle Properties Inc has a 52 week low of $17.20 and a 52 week high of $23.94. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $804.95 million, a price-to-earnings ratio of 15.16, a PEG ratio of 1.76 and a beta of 0.36.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Thursday, October 4th. Urstadt Biddle Properties’s dividend payout ratio is presently 93.91%.

A number of equities research analysts have commented on UBA shares. ValuEngine downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 31st. DA Davidson downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $23.00 in a research report on Tuesday, September 11th. Finally, TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.00.

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

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