Urstadt Biddle Properties (NYSE:UBA) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

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

UBA stock opened at $22.54 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 8.44 and a current ratio of 8.44. Urstadt Biddle Properties has a 52 week low of $18.50 and a 52 week high of $23.16. The firm has a market cap of $901.24 million, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.

Urstadt Biddle Properties (NYSE:UBA) last released its earnings results on Friday, March 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $34.46 million for the quarter, compared to the consensus estimate of $32.99 million. Research analysts expect that Urstadt Biddle Properties will post 1.43 earnings per share for the current year.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,874 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total value of $38,866.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.78% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund bought a new stake in Urstadt Biddle Properties in the 4th quarter worth $218,000. Meeder Asset Management Inc. grew its holdings in Urstadt Biddle Properties by 64.0% in the 4th quarter. Meeder Asset Management Inc. now owns 7,078 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 2,761 shares during the last quarter. Legal & General Group Plc grew its holdings in Urstadt Biddle Properties by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 159,201 shares of the real estate investment trust’s stock worth $3,382,000 after acquiring an additional 5,441 shares during the last quarter. Bessemer Group Inc. grew its holdings in Urstadt Biddle Properties by 53.8% in the 4th quarter. Bessemer Group Inc. now owns 68,700 shares of the real estate investment trust’s stock worth $1,320,000 after acquiring an additional 24,028 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Urstadt Biddle Properties by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 358,059 shares of the real estate investment trust’s stock worth $6,881,000 after acquiring an additional 14,886 shares during the last quarter. 59.24% of the stock is currently owned by institutional investors and hedge funds.

About Urstadt Biddle Properties

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.

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