BNP Paribas Arbitrage SA reduced its holdings in Urstadt Biddle Properties Inc. (NYSE:UBA) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,450 shares of the real estate investment trust’s stock after selling 612 shares during the quarter. BNP Paribas Arbitrage SA owned 0.06% of Urstadt Biddle Properties worth $425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Urstadt Biddle Properties by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 4,600,967 shares of the real estate investment trust’s stock worth $94,596,000 after purchasing an additional 149,237 shares in the last quarter. State Street Corp raised its holdings in shares of Urstadt Biddle Properties by 19.0% in the 1st quarter. State Street Corp now owns 866,273 shares of the real estate investment trust’s stock worth $17,808,000 after purchasing an additional 138,157 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Urstadt Biddle Properties by 23.7% in the 1st quarter. Renaissance Technologies LLC now owns 632,100 shares of the real estate investment trust’s stock worth $12,996,000 after purchasing an additional 121,300 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Urstadt Biddle Properties by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 522,142 shares of the real estate investment trust’s stock worth $10,338,000 after purchasing an additional 15,082 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Urstadt Biddle Properties by 36.3% in the 1st quarter. American Century Companies Inc. now owns 389,377 shares of the real estate investment trust’s stock worth $8,006,000 after purchasing an additional 103,752 shares in the last quarter. Institutional investors and hedge funds own 59.32% of the company’s stock.

A number of analysts recently commented on UBA shares. TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.33.

COPYRIGHT VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/17/bnp-paribas-arbitrage-sa-reduces-position-in-urstadt-biddle-properties-inc-uba.html.

Urstadt Biddle Properties Inc. (UBA) opened at 21.99 on Friday. The stock has a 50 day moving average of $20.91 and a 200 day moving average of $20.28. The stock has a market capitalization of $829.11 million, a P/E ratio of 20.98 and a beta of 0.53. Urstadt Biddle Properties Inc. has a 52-week low of $18.32 and a 52-week high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last released its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The company had revenue of $31.87 million for the quarter, compared to the consensus estimate of $29.30 million. On average, equities research analysts forecast that Urstadt Biddle Properties Inc. will post $0.94 EPS for the current year.

Urstadt Biddle Properties declared that its board has initiated a share repurchase plan on Friday, June 9th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.06 dividend on an annualized basis and a yield of 4.82%. Urstadt Biddle Properties’s payout ratio is presently 99.07%.

Urstadt Biddle Properties Profile

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.

Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc. (NYSE:UBA).

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

Receive News & Ratings for Urstadt Biddle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.