Urstadt Biddle Properties Inc (NYSE:UBA) CFO John T. Hayes Sells 5,252 Shares

Urstadt Biddle Properties Inc (NYSE:UBA) CFO John T. Hayes sold 5,252 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $23.49, for a total transaction of $123,369.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:UBA traded down $0.04 during trading on Thursday, reaching $23.52. 1 shares of the company were exchanged, compared to its average volume of 109,768. The firm has a market capitalization of $938.96 million, a PE ratio of 16.05, a P/E/G ratio of 2.11 and a beta of 0.47. The business’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $21.77. Urstadt Biddle Properties Inc has a 12-month low of $18.50 and a 12-month high of $24.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 5.22 and a quick ratio of 5.22.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, October 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.



Large investors have recently modified their holdings of the company. 6 Meridian boosted its stake in shares of Urstadt Biddle Properties by 2.0% during the second quarter. 6 Meridian now owns 33,972 shares of the real estate investment trust’s stock valued at $713,000 after purchasing an additional 669 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Urstadt Biddle Properties by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 16,215 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 680 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Urstadt Biddle Properties by 1.2% during the second quarter. New York State Teachers Retirement System now owns 56,984 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 700 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Urstadt Biddle Properties by 82.6% during the second quarter. Nisa Investment Advisors LLC now owns 2,547 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Urstadt Biddle Properties by 6.6% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,047 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 1,176 shares in the last quarter. 59.31% of the stock is currently owned by institutional investors and hedge funds.

UBA has been the topic of a number of research reports. B. Riley reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Thursday, October 3rd. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday, September 13th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $24.00.

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.

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