Downgrades Urstadt Biddle Properties (NYSE: UBA) to Hold 2023

Wednesday’s opening price for Urstadt Biddle Properties Price Performance NYSE UBA was $17.73. The firm’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $17.88. The current ratio is 3.96, the quick ratio is 6.94, and the debt-to-equity ratio is 1.00 for this organization. The 12-month low for Urstadt Biddle Properties is $15.07 and the 12-month high is $19.67. The company has a $697.32 million market capitalization, a P/E ratio of 24.97, and a beta of 1.08.

The Opinions of Institutional Investors Regarding Urstadt Biddle Properties

Recently, institutional investors and hedge funds have modified their positions in the stock. During the second quarter, Captrust Financial Advisors purchased a $45,000 investment in shares of Urstadt Biddle Properties. During the third quarter, Quadrant Capital Group LLC increased its holdings in Urstadt Biddle Properties by 442.8%. After purchasing an additional 3,104 shares during the period, Quadrant Capital Group LLC now owns 3,805 shares of the REIT’s stock valued at $59,000. During the first quarter, Advisor Group Holdings Inc. increased its holdings in Urstadt Biddle Properties by 23.1%. Advisor Group Holdings Inc. now holds 3,196 shares of the REIT’s stock worth $60,000 after acquiring an additional 600 shares during the period. During the second quarter, Lazard Asset Management LLC increased its holdings in Urstadt Biddle Properties by 21.5%. After acquiring an additional 769 shares during the quarter, Lazard Asset Management LLC now holds 4,343 shares of the REIT’s stock valued at $70,000. During the second quarter, Mutual of America Capital Management LLC increased its holdings in Urstadt Biddle Properties by 16.6%. After acquiring an additional 720 shares during the period, Mutual of America Capital Management LLC now has 5,066 shares of the REIT’s stock valued at $82,000. Currently, institutional investors and hedge funds hold 52.26 percent of the outstanding shares.

Profile of the Urstadt Biddle Properties Corporation (Get Rating)

Urstadt Biddle Properties, Inc. is a real estate investment trust that acquires, owns, and manages commercial real estate. It works under the sectors of Ridgeway and All Other Operations. The corporation was established on July 7, 1969 and has its headquarters in Greenwich, Connecticut.

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