Renaissance Technologies LLC grew its position in shares of Urstadt Biddle Properties Inc (NYSE:UBP) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,900 shares of the real estate investment trust’s stock after purchasing an additional 4,200 shares during the period. Renaissance Technologies LLC owned about 0.15% of Urstadt Biddle Properties worth $1,024,000 at the end of the most recent reporting period.
Separately, FNY Investment Advisers LLC increased its holdings in shares of Urstadt Biddle Properties by 665.8% in the second quarter. FNY Investment Advisers LLC now owns 15,224 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 13,236 shares during the period. 1.89% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on UBP shares. TheStreet upgraded Urstadt Biddle Properties from a “c+” rating to a “b” rating in a report on Friday, September 6th. ValuEngine downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.
Urstadt Biddle Properties stock opened at $19.07 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.22 and a current ratio of 5.22. The stock’s 50 day simple moving average is $18.63 and its two-hundred day simple moving average is $17.48. Urstadt Biddle Properties Inc has a fifty-two week low of $14.75 and a fifty-two week high of $19.11. The stock has a market cap of $745.27 million, a price-to-earnings ratio of 13.26 and a beta of 0.30.
The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.245 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.14%.
About Urstadt Biddle Properties
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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