Geode Capital Management LLC Increases Holdings in Urstadt Biddle Properties Inc (UBA)
Geode Capital Management LLC raised its stake in Urstadt Biddle Properties Inc (NYSE:UBA) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 358,059 shares of the real estate investment trust’s stock after acquiring an additional 14,886 shares during the period. Geode Capital Management LLC owned approximately 0.90% of Urstadt Biddle Properties worth $6,881,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new stake in Urstadt Biddle Properties in the 4th quarter valued at $218,000. Meeder Asset Management Inc. increased its holdings in shares of Urstadt Biddle Properties by 64.0% in the 4th quarter. Meeder Asset Management Inc. now owns 7,078 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 2,761 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Urstadt Biddle Properties by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 159,201 shares of the real estate investment trust’s stock worth $3,382,000 after buying an additional 5,441 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Urstadt Biddle Properties by 53.8% in the 4th quarter. Bessemer Group Inc. now owns 68,700 shares of the real estate investment trust’s stock worth $1,320,000 after buying an additional 24,028 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its holdings in shares of Urstadt Biddle Properties by 32.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 12,473 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 3,084 shares during the last quarter. Institutional investors own 60.00% of the company’s stock.
In other news, COO Stephan A. Rapaglia sold 1,874 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total value of $38,866.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 20.78% of the company’s stock.
Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, March 8th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Urstadt Biddle Properties had a return on equity of 9.80% and a net margin of 28.07%. The business had revenue of $34.46 million during the quarter, compared to the consensus estimate of $32.99 million. On average, equities analysts forecast that Urstadt Biddle Properties Inc will post 1.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $0.275 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.30%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.
Separately, Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th.
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About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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