Urstadt Biddle Properties (NYSE:UBA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

Several other analysts also recently commented on UBA. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Urstadt Biddle Properties has an average rating of “Hold” and an average price target of $21.75.

Urstadt Biddle Properties (NYSE UBA) traded down $0.05 on Tuesday, reaching $17.76. 39,661 shares of the company’s stock traded hands, compared to its average volume of 99,940. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a fifty-two week low of $17.20 and a fifty-two week high of $23.94. The company has a market capitalization of $684.84, a P/E ratio of 19.73, a PEG ratio of 1.69 and a beta of 0.40.

Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings data on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.29). The firm had revenue of $32.31 million for the quarter, compared to the consensus estimate of $30.01 million. Urstadt Biddle Properties had a net margin of 42.95% and a return on equity of 13.19%. research analysts expect that Urstadt Biddle Properties will post 1.31 earnings per share for the current year.

In other news, Director Catherine U. Biddle acquired 109,542 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 20.39% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Urstadt Biddle Properties by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,676,473 shares of the real estate investment trust’s stock valued at $92,594,000 after purchasing an additional 75,506 shares during the period. BlackRock Inc. increased its holdings in Urstadt Biddle Properties by 4.2% in the 4th quarter. BlackRock Inc. now owns 4,340,697 shares of the real estate investment trust’s stock valued at $94,367,000 after acquiring an additional 174,644 shares during the last quarter. State Street Corp increased its holdings in Urstadt Biddle Properties by 4.2% in the 2nd quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock valued at $17,879,000 after acquiring an additional 36,411 shares during the last quarter. American Century Companies Inc. increased its holdings in Urstadt Biddle Properties by 2.4% in the 3rd quarter. American Century Companies Inc. now owns 434,499 shares of the real estate investment trust’s stock valued at $9,429,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Urstadt Biddle Properties by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 424,755 shares of the real estate investment trust’s stock valued at $9,218,000 after acquiring an additional 19,599 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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About Urstadt Biddle Properties

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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