Urstadt Biddle Properties (NYSE:UBA) had its price target dropped by equities researchers at Deutsche Bank from $18.00 to $10.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective would indicate a potential upside of 4.38% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Piper Sandler cut their target price on Urstadt Biddle Properties from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.40.
Urstadt Biddle Properties stock opened at $9.58 on Tuesday. The company has a market cap of $383.82 million, a PE ratio of 29.94 and a beta of 0.67. The company has a fifty day moving average price of $9.83 and a two-hundred day moving average price of $12.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.85 and a quick ratio of 2.85. Urstadt Biddle Properties has a 12 month low of $9.18 and a 12 month high of $24.88.
Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings data on Tuesday, September 8th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Urstadt Biddle Properties had a return on equity of 8.26% and a net margin of 22.42%. Equities research analysts anticipate that Urstadt Biddle Properties will post 1.18 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Fund Management LLC bought a new stake in shares of Urstadt Biddle Properties during the first quarter valued at about $25,000. Bank of Montreal Can grew its holdings in Urstadt Biddle Properties by 559.0% during the second quarter. Bank of Montreal Can now owns 3,071 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,605 shares during the period. Marshall Wace LLP acquired a new position in Urstadt Biddle Properties during the first quarter worth about $151,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Urstadt Biddle Properties by 24.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,653 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,487 shares during the period. Finally, Teachers Insurance & Annuity Association of America grew its holdings in Urstadt Biddle Properties by 26.6% during the first quarter. Teachers Insurance & Annuity Association of America now owns 11,141 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 2,338 shares during the period. Institutional investors and hedge funds own 59.99% of the company’s stock.
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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