Urstadt Biddle Properties Inc (UBA) was Downgraded by Deutsche Bank to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 18, 2016.
Urstadt Biddle Properties Inc opened for trading at $25 and hit $25 on the upside on Friday, eventually ending the session at $24.9, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 63,364 shares. Company has a market cap of $896 M.
In a different news, on Jun 23, 2016, Stephan A Rapaglia (SVP and COO) sold 1,500 shares at $23.52 per share price. According to the SEC, on Jun 13, 2016, Thomas D Myers (EVP, Counsel & Secretary) sold 5,000 shares at $22.97 per share price. On Apr 18, 2016, Charles J Urstadt (Chairman) purchased 5,000 shares at $21.00 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.