Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) were down 5% during mid-day trading on Thursday . The stock traded as low as $23.25 and last traded at $23.41, with a volume of 1,080,826 shares traded. The stock had previously closed at $24.64.

Several brokerages recently weighed in on UBA. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Saturday, June 18th. Deutsche Bank AG downgraded Urstadt Biddle Properties from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Monday. BMO Capital Markets restated a “market perform” rating on shares of Urstadt Biddle Properties in a research report on Thursday, March 31st. Finally, Wunderlich restated a “buy” rating and set a $24.00 price objective (up from $21.50) on shares of Urstadt Biddle Properties in a research report on Wednesday, March 23rd.

The firm has a 50 day moving average of $23.71 and a 200 day moving average of $21.15. The firm has a market capitalization of $806.78 million and a price-to-earnings ratio of 22.57.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Tuesday, June 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm earned $29.20 million during the quarter. Analysts predict that Urstadt Biddle Properties Inc. will post $1.20 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.04 annualized dividend and a dividend yield of 4.43%.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $23.52, for a total value of $35,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas D. Myers sold 5,000 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $22.97, for a total value of $114,850.00. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Urstadt Biddle Properties by 21.0% in the fourth quarter. Morgan Stanley now owns 55,597 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 9,667 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $1,093,000. Schroder Investment Management Group bought a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $1,778,000. Mutual of America Capital Management LLC boosted its position in shares of Urstadt Biddle Properties by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 104,454 shares of the real estate investment trust’s stock valued at $2,010,000 after buying an additional 8,917 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Urstadt Biddle Properties by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 324,715 shares of the real estate investment trust’s stock valued at $6,248,000 after buying an additional 21,289 shares during the period.

Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York.

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