Forward Management LLC lowered its stake in Urstadt Biddle Properties Inc. (NYSE:UBA) by 52.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,100 shares of the real estate investment trust’s stock after selling 100,000 shares during the period. Forward Management LLC’s holdings in Urstadt Biddle Properties were worth $1,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in Urstadt Biddle Properties by 16.6% in the first quarter. Prudential Financial Inc. now owns 78,988 shares of the real estate investment trust’s stock valued at $1,624,000 after buying an additional 11,220 shares in the last quarter. Guggenheim Capital LLC acquired a new position in Urstadt Biddle Properties during the fourth quarter valued at about $852,000. Lasalle Investment Management Securities LLC acquired a new position in Urstadt Biddle Properties during the first quarter valued at about $212,000. Swiss National Bank boosted its position in Urstadt Biddle Properties by 5.5% in the first quarter. Swiss National Bank now owns 48,036 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 2,500 shares in the last quarter. Finally, Credit Agricole S A boosted its position in Urstadt Biddle Properties by 54.3% in the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 3,048 shares in the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

Urstadt Biddle Properties Inc. (UBA) opened at 21.26 on Friday. The stock’s 50 day moving average price is $20.45 and its 200 day moving average price is $20.57. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43. The firm has a market capitalization of $801.54 million, a PE ratio of 20.40 and a beta of 0.53.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.06 annualized dividend and a dividend yield of 4.99%. Urstadt Biddle Properties’s dividend payout ratio is presently 100.95%.

Urstadt Biddle Properties announced that its Board of Directors has authorized a stock repurchase plan on Friday, June 9th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Several research analysts have recently issued reports on UBA shares. ValuEngine cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet raised Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. FBR & Co reaffirmed a “mkt perform” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.67.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

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Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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