Schroder Investment Management Group reduced its stake in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 70.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,734 shares of the real estate investment trust’s stock after selling 58,354 shares during the period. Schroder Investment Management Group owned approximately 0.06% of Urstadt Biddle Properties worth $546,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of Urstadt Biddle Properties by 33.3% in the second quarter. Renaissance Technologies LLC now owns 842,700 shares of the real estate investment trust’s stock valued at $16,685,000 after purchasing an additional 210,600 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Urstadt Biddle Properties in the second quarter valued at approximately $2,970,000. JPMorgan Chase & Co. raised its holdings in shares of Urstadt Biddle Properties by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 266,414 shares of the real estate investment trust’s stock valued at $5,879,000 after purchasing an additional 82,421 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Urstadt Biddle Properties by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,676,473 shares of the real estate investment trust’s stock valued at $92,594,000 after purchasing an additional 75,506 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Urstadt Biddle Properties by 24.8% in the second quarter. ProShare Advisors LLC now owns 377,931 shares of the real estate investment trust’s stock valued at $7,483,000 after purchasing an additional 75,052 shares during the last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.

Urstadt Biddle Properties Inc (NYSE:UBA) opened at $22.95 on Friday. The firm has a market cap of $904.09, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.22 and a beta of 0.53. Urstadt Biddle Properties Inc has a fifty-two week low of $18.32 and a fifty-two week high of $25.43. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.71.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.71%. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, January 4th. Urstadt Biddle Properties’s payout ratio is presently 117.78%.

In related news, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total transaction of $108,780.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by insiders.

A number of brokerages recently weighed in on UBA. FBR & Co restated a “hold” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Deutsche Bank restated a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.33.

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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.

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

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