Legal & General Group Plc decreased its holdings in Urstadt Biddle Properties Inc (NYSE:UBA) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 148,092 shares of the real estate investment trust’s stock after selling 11,109 shares during the quarter. Legal & General Group Plc’s holdings in Urstadt Biddle Properties were worth $2,852,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in Urstadt Biddle Properties by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock valued at $1,401,000 after buying an additional 616 shares during the last quarter. Texas Permanent School Fund increased its stake in Urstadt Biddle Properties by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 751 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Urstadt Biddle Properties by 5.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 19,400 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,000 shares during the last quarter. Advisor Group Inc. increased its stake in Urstadt Biddle Properties by 59.8% in the 4th quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,060 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Urstadt Biddle Properties by 2.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,689 shares of the real estate investment trust’s stock valued at $704,000 after buying an additional 1,104 shares during the last quarter. 60.00% of the stock is currently owned by institutional investors and hedge funds.
NYSE:UBA opened at $20.94 on Tuesday. The company has a quick ratio of 8.44, a current ratio of 8.44 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $833.05 million, a price-to-earnings ratio of 14.24, a PEG ratio of 1.83 and a beta of 0.54. Urstadt Biddle Properties Inc has a 52 week low of $18.50 and a 52 week high of $23.16.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, March 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The firm had revenue of $34.46 million during the quarter, compared to analysts’ expectations of $32.99 million. Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. Equities analysts forecast that Urstadt Biddle Properties Inc will post 1.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.10 annualized dividend and a yield of 5.25%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 74.83%.
Separately, Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th.
In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,874 shares of the 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.78% of the company’s stock.
WARNING: This report was posted by Stock Observer and is the property of of Stock Observer. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thestockobserver.com/2019/04/16/legal-general-group-plc-sells-11109-shares-of-urstadt-biddle-properties-inc-uba.html.
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.
See Also: What is a Derivative?
Want to see what other hedge funds are holding UBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urstadt Biddle Properties Inc (NYSE:UBA).
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.