Virginia Retirement Systems ET AL Has $378,000 Stake in Urstadt Biddle Properties Inc. (UBA)

Virginia Retirement Systems ET AL trimmed its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 12.9% in the 1st quarter, HoldingsChannel reports. The firm owned 19,600 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Urstadt Biddle Properties were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Urstadt Biddle Properties in the 4th quarter worth $130,000. Tower Research Capital LLC TRC increased its stake in shares of Urstadt Biddle Properties by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 3,482 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Urstadt Biddle Properties by 88.0% in the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 2,868 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Urstadt Biddle Properties in the 4th quarter worth $221,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Urstadt Biddle Properties in the 4th quarter worth $277,000. Hedge funds and other institutional investors own 60.98% of the company’s stock.

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Several research analysts recently weighed in on UBA shares. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. B. Riley set a $20.00 target price on shares of Urstadt Biddle Properties and gave the stock a “hold” rating in a report on Tuesday, March 13th. Finally, TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Urstadt Biddle Properties presently has a consensus rating of “Hold” and an average target price of $21.25.

Shares of Urstadt Biddle Properties stock opened at $20.40 on Friday. The firm has a market capitalization of $788.03 million, a P/E ratio of 17.74, a PEG ratio of 1.89 and a beta of 0.37. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $23.94.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million during the quarter, compared to the consensus estimate of $32.40 million. Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%. sell-side analysts forecast that Urstadt Biddle Properties Inc. will post 1.35 EPS for the current year.

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 82 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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