Urstadt Biddle Properties (NYSE:UBP) Stock Rating Lowered by ValuEngine

Urstadt Biddle Properties (NYSE:UBP) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday, ValuEngine reports.

Shares of NYSE UBP opened at $14.82 on Wednesday. The stock has a fifty day moving average price of $15.71 and a two-hundred day moving average price of $18.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $408.60 million, a P/E ratio of 26.95 and a beta of 0.41. Urstadt Biddle Properties has a 1 year low of $8.30 and a 1 year high of $19.87.

A hedge fund recently raised its stake in Urstadt Biddle Properties stock. CSS LLC IL raised its position in shares of Urstadt Biddle Properties Inc (NYSE:UBP) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,791 shares of the real estate investment trust’s stock after purchasing an additional 5,813 shares during the quarter. CSS LLC IL owned about 0.17% of Urstadt Biddle Properties worth $1,387,000 as of its most recent SEC filing. 1.87% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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