Urstadt Biddle Properties (NYSE:UBP) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Wednesday, September 12th.
Separately, ValuEngine raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st.
UBP traded down $0.03 during trading on Wednesday, reaching $16.89. The company had a trading volume of 2,124 shares, compared to its average volume of 3,368. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.82. Urstadt Biddle Properties has a 12-month low of $15.36 and a 12-month high of $18.92. The stock has a market capitalization of $682.48 million, a P/E ratio of 12.85 and a beta of 0.02.
An institutional investor recently bought a new position in Urstadt Biddle Properties stock. FNY Investment Advisers LLC purchased a new position in shares of Urstadt Biddle Properties Inc (NYSE:UBP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,629 shares of the real estate investment trust’s stock, valued at approximately $339,000. 1.98% of the stock is owned by institutional investors.
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 84 properties containing approximately 5.1 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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