Research analysts at StockNews.com started coverage on shares of Urstadt Biddle Properties (NYSE:UBA – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the real estate investment trust’s stock.
Separately, Piper Sandler increased their price target on shares of Urstadt Biddle Properties from $20.00 to $21.00 in a report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Urstadt Biddle Properties has an average rating of “Hold” and an average price target of $19.67.
Urstadt Biddle Properties Stock Performance
Urstadt Biddle Properties stock opened at $22.65 on Friday. The stock has a market cap of $890.82 million, a price-to-earnings ratio of 33.81 and a beta of 1.11. The stock’s 50 day simple moving average is $20.41 and its two-hundred day simple moving average is $18.66. Urstadt Biddle Properties has a fifty-two week low of $15.07 and a fifty-two week high of $22.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 6.34 and a current ratio of 6.34.
Hedge Funds Weigh In On Urstadt Biddle Properties
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC raised its holdings in Urstadt Biddle Properties by 0.8% during the fourth quarter. Vident Investment Advisory LLC now owns 74,400 shares of the real estate investment trust’s stock valued at $1,410,000 after acquiring an additional 578 shares during the period. Advisor Group Holdings Inc. raised its stake in Urstadt Biddle Properties by 23.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,196 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 600 shares during the period. FMR LLC lifted its holdings in Urstadt Biddle Properties by 11.3% in the 1st quarter. FMR LLC now owns 6,131 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 622 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Urstadt Biddle Properties by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,904 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 684 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings in Urstadt Biddle Properties by 3.2% during the 4th quarter. State of Tennessee Treasury Department now owns 22,261 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 685 shares in the last quarter. 51.81% of the stock is owned by institutional investors.
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 77 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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