RMR Advisors LLC Grows Position in Urstadt Biddle Properties Inc (UBA)

RMR Advisors LLC increased its position in Urstadt Biddle Properties Inc (NYSE:UBA) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 31,000 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. RMR Advisors LLC’s holdings in Urstadt Biddle Properties were worth $640,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UBA. Oregon Public Employees Retirement Fund acquired a new position in Urstadt Biddle Properties during the fourth quarter valued at approximately $218,000. Meeder Asset Management Inc. grew its holdings in Urstadt Biddle Properties by 64.0% during the fourth 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. Legal & General Group Plc grew its holdings in Urstadt Biddle Properties by 3.5% during the third quarter. Legal & General Group Plc now owns 159,201 shares of the real estate investment trust’s stock valued at $3,382,000 after purchasing an additional 5,441 shares during the last quarter. Bessemer Group Inc. grew its holdings in Urstadt Biddle Properties by 53.8% during the fourth quarter. Bessemer Group Inc. now owns 68,700 shares of the real estate investment trust’s stock valued at $1,320,000 after purchasing an additional 24,028 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Urstadt Biddle Properties by 16.4% during the third quarter. Renaissance Technologies LLC now owns 982,817 shares of the real estate investment trust’s stock valued at $20,924,000 after purchasing an additional 138,417 shares during the last quarter. Hedge funds and other institutional investors own 60.00% of the company’s stock.

Separately, Zacks Investment Research upgraded Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd.

UBA stock traded down $0.03 during midday trading on Wednesday, hitting $20.55. 445 shares of the company traded hands, 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 quick ratio of 8.44, a current ratio of 8.44 and a debt-to-equity ratio of 0.88. The company has a market cap of $817.53 million, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.83 and a beta of 0.54.

Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings results on Friday, March 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate 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 company had revenue of $34.46 million for the quarter, compared to analyst estimates of $32.99 million. As a group, equities analysts expect that Urstadt Biddle Properties Inc will post 1.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.10 annualized dividend and a yield of 5.35%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $20.74, for a total transaction of $38,866.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 20.78% of the company’s stock.

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Urstadt Biddle Properties 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.

Further Reading: What is the Coverage Ratio?

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

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