Urstadt Biddle Properties (UBP) Cut to C+ at TheStreet

TheStreet downgraded shares of Urstadt Biddle Properties (NYSE:UBP) from a b- rating to a c+ rating in a research report report published on Tuesday morning.

Separately, ValuEngine raised Urstadt Biddle Properties from a hold rating to a buy rating in a report on Saturday, January 13th.

Shares of Urstadt Biddle Properties (UBP) opened at $15.61 on Tuesday. Urstadt Biddle Properties has a twelve month low of $15.44 and a twelve month high of $18.92. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $609.86, a price-to-earnings ratio of 17.20 and a beta of 0.07.

Urstadt Biddle Properties (NYSE:UBP) last posted its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share for the quarter. Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%. The company had revenue of $32.31 million during the quarter.

In related news, insider Willing L. Biddle purchased 109,542 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.25% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of UBP. Schwab Charles Investment Management Inc. raised its stake in Urstadt Biddle Properties by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,385 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 133 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Urstadt Biddle Properties by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 77,755 shares of the real estate investment trust’s stock valued at $1,341,000 after purchasing an additional 588 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Urstadt Biddle Properties by 13.7% in the second quarter. Vanguard Group Inc. now owns 255,739 shares of the real estate investment trust’s stock valued at $4,412,000 after purchasing an additional 30,857 shares in the last quarter. 1.76% of the stock is owned by institutional investors and hedge funds.

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Urstadt Biddle Properties Company 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.

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