Zacks Investment Research Downgrades Urstadt Biddle Properties (NYSE:UBA) to Sell

Zacks Investment Research downgraded shares of Urstadt Biddle Properties (NYSE:UBA) from a hold rating to a sell rating in a research report released on Friday, Zacks.com reports.

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. “

Separately, TheStreet upgraded shares of Urstadt Biddle Properties from a c+ rating to a b- rating in a research note on Wednesday, May 22nd.



NYSE UBA opened at $21.40 on Friday. Urstadt Biddle Properties has a 12 month low of $18.50 and a 12 month high of $23.16. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.44 and a current ratio of 8.54. The firm has a market cap of $853.03 million, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.88 and a beta of 0.54.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.14%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 74.83%.

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

Several large investors have recently modified their holdings of the business. Albert D Mason Inc. raised its holdings in shares of Urstadt Biddle Properties by 0.6% during the first quarter. Albert D Mason Inc. now owns 84,489 shares of the real estate investment trust’s stock worth $1,744,000 after purchasing an additional 470 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Urstadt Biddle Properties by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock worth $1,401,000 after purchasing an additional 616 shares during the period. Texas Permanent School Fund raised its holdings in shares of Urstadt Biddle Properties by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 751 shares during the period. Rhumbline Advisers raised its holdings in shares of Urstadt Biddle Properties by 0.8% during the first quarter. Rhumbline Advisers now owns 92,669 shares of the real estate investment trust’s stock worth $1,913,000 after purchasing an additional 777 shares during the period. Finally, Comerica Bank raised its holdings in shares of Urstadt Biddle Properties by 2.9% during the first quarter. Comerica Bank now owns 29,517 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 824 shares during the period. 58.55% of the stock is currently 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 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.

Featured Story: How accurate is the Rule of 72?

Get a free copy of the Zacks research report on Urstadt Biddle Properties (UBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.