Deutsche Bank Maintains Urstadt Biddle Properties Inc to Buy with Price Target $24.00

Brokerage firm Deutsche Bank Maintains its rating on Urstadt Biddle Properties Inc(NYSE:UBA). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On Mar 24, 2016, Deutsche Bank said it Maintains its rating on Urstadt Biddle Properties Inc. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm.

Urstadt Biddle Properties Inc (UBA) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.04% at a volume of 1,20,600. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.68. The peak price level was also seen at $23.68 while the days lowest was $23.37. Finally the shares closed at $23.41. The 52-week high of the shares is $23.68 while the 52-week low is $17.33. According to the latest information available, the market cap of the company is $842 M.

Urstadt Biddle Properties Inc has also declared a cash dividend of $0.2600 on Jun 7, 2016. The shares will quote ex-dividend on Jun 29, 2016 and the record date has been fixed on Jul 1, 2016. The dividend payable date has been fixed on Jul 15, 2016.

Urstadt Biddle Properties Inc(UBA) last announced its earnings results on Jun 7, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $29.17M. Analysts had an estimated revenue of $26.63M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Thomas D Myers (EVP, Counsel & Secretary) sold 5,000 shares at $22.97 per share price.Also, On Apr 18, 2016, Charles J Urstadt (Chairman) purchased 5,000 shares at $21.00 per share price.On Apr 8, 2016, Stephan A Rapaglia (SVP and COO) sold 3,000 shares at $20.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Urstadt Biddle Properties Inc. is a self-administered real estate investment trust engaged in the acquisition ownership and management of commercial real estate. The Company’s sole business is the ownership of real estate investments which consist principally of investments in income-producing properties with primary emphasis on properties in the northeastern part of the United States with a concentration in the metropolitan New York tri-state area outside of the City of New York. As of October 31 2014 the Company owned or had equity interests in 70 properties consisting of neighborhood and community shopping centers office buildings single tenant retail or restaurant properties and office/retail mixed use properties located in four states throughout the United States containing a total of 4.8 million square feet of gross leasable area (GLA). Its 70 properties consists of 62 retail properties seven office buildings and one mixed use office/retail property.

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