Loeb Partners Corp raised its position in shares of Urstadt Biddle Properties Inc (NYSE:UBA) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 24,500 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Loeb Partners Corp owned 0.06% of Urstadt Biddle Properties worth $504,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Credit Agricole S A raised its stake in shares of Urstadt Biddle Properties by 21.3% in the fourth quarter. Credit Agricole S A now owns 5,616 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 987 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Urstadt Biddle Properties by 11.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,450 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 670 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Urstadt Biddle Properties by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 500 shares in the last quarter. KBC Group NV raised its stake in shares of Urstadt Biddle Properties by 97.4% in the third quarter. KBC Group NV now owns 12,447 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 6,141 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Urstadt Biddle Properties during the fourth quarter worth about $303,000. Institutional investors and hedge funds own 60.04% of the company’s stock.

Institutional Ownership by Quarter for Urstadt Biddle Properties (NYSE:UBA)

Shares of Urstadt Biddle Properties Inc (NYSE:UBA) traded down 1.00% during mid-day trading on Friday, hitting $20.73. The stock had a trading volume of 130,247 shares. The company has a market cap of $781.50 million, a PE ratio of 38.32 and a beta of 0.63. The stock has a 50 day moving average price of $20.74 and a 200-day moving average price of $22.03. Urstadt Biddle Properties Inc has a 52-week low of $19.67 and a 52-week high of $25.43.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, April 3rd were issued a dividend of $0.265 per share. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.06 annualized dividend and a dividend yield of 5.11%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 196.30%.

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Separately, Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

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