Urstadt Biddle Properties Inc. (NYSE:UBA) saw unusually-high trading volume on Friday . Approximately 287,777 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 261,377 shares.The stock last traded at $23.64 and had previously closed at $23.50.

Several research analysts recently commented on the stock. Deutsche Bank AG reduced their price target on shares of Urstadt Biddle Properties from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Urstadt Biddle Properties in a research note on Thursday, March 31st. Finally, Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, April 15th.

The stock has a 50-day moving average of $23.84 and a 200 day moving average of $21.20. The firm has a market cap of $809.18 million and a P/E ratio of 22.64.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Tuesday, June 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $29.20 million for the quarter. On average, equities analysts anticipate that Urstadt Biddle Properties Inc. will post $1.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.04 annualized dividend and a yield of 4.41%.

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

Other hedge funds and institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group purchased a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $1,778,000. Matarin Capital Management LLC purchased a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $1,093,000. 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 last quarter. Morgan Stanley boosted its position 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. Finally, 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 last quarter.

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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