Urstadt Biddle Properties Inc. (UBA) Sees Large Volume Increase
Shares of Urstadt Biddle Properties Inc. (NYSE:UBA) saw strong trading volume on Wednesday . 398,619 shares traded hands during mid-day trading, an increase of 200% from the previous session’s volume of 132,846 shares.The stock last traded at $22.71 and had previously closed at $23.00.
Several analysts recently weighed in on the stock. Deutsche Bank AG cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Monday, July 18th. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Saturday, June 18th.
The firm has a market cap of $779.66 million and a PE ratio of 21.82. The company’s 50 day moving average price is $23.59 and its 200 day moving average price is $21.98.
Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Tuesday, June 7th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $29.20 million for the quarter. On average, equities analysts forecast that Urstadt Biddle Properties Inc. will post $1.20 earnings per share for the current year.
In other news, EVP Thomas D. Myers sold 5,000 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $22.97, for a total transaction of $114,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephan A. Rapaglia sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $23.52, for a total value of $35,280.00. The disclosure for this sale can be found here.
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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