Urstadt Biddle Properties (NYSE:UBA) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Urstadt Biddle Properties (NYSE:UBA) from a hold rating to a sell rating in a report issued on Saturday, Zacks.com reports.

According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

Separately, TheStreet downgraded shares of Wayside Technology Group from a b- rating to a c rating in a research report on Wednesday, May 22nd.

NYSE UBA opened at $21.17 on Friday. The company has a fifty day simple moving average of $21.47. Urstadt Biddle Properties has a 12-month low of $18.50 and a 12-month high of $23.16. The company has a current ratio of 8.54, a quick ratio of 8.54 and a debt-to-equity ratio of 0.87. The firm has a market cap of $845.45 million, a P/E ratio of 14.40, a P/E/G ratio of 1.86 and a beta of 0.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Wednesday, July 3rd. Urstadt Biddle Properties’s payout ratio is currently 74.83%.

A number of hedge funds and other institutional investors have recently bought and sold shares of UBA. 6 Meridian boosted its stake in Urstadt Biddle Properties by 2.0% in the second quarter. 6 Meridian now owns 33,972 shares of the real estate investment trust’s stock worth $713,000 after buying an additional 669 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Urstadt Biddle Properties by 82.6% in the second quarter. Nisa Investment Advisors LLC now owns 2,547 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,152 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Urstadt Biddle Properties by 5.2% in the second quarter. Douglass Winthrop Advisors LLC now owns 37,623 shares of the real estate investment trust’s stock worth $790,000 after buying an additional 1,850 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Urstadt Biddle Properties by 4.4% in the second quarter. Crossmark Global Holdings Inc. now owns 16,215 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 680 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Urstadt Biddle Properties in the second quarter worth approximately $354,000. 58.58% of the stock is owned by institutional investors and hedge funds.

Urstadt Biddle Properties Company Profile

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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