A statement released earlier today by Zacks Investment Research about Urstadt Biddle Properties Inc (NYSE:UBA) bumps the target price to $24.00
- Updated: October 12, 2016
Zacks Investment Research bumped up the target of Urstadt Biddle Properties Inc (NYSE:UBA) to $24.00 stating a potential upside of 0.12%.
Boasting a price of $21.49, Urstadt Biddle Properties Inc (NYSE:UBA) traded 1.41% higher on the day. With the last stock price close down -3.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Urstadt Biddle Properties Inc has recorded a 50-day average of $22.33 and a two hundred day average of $22.38. Volume of trade was down over the average, with 101,830 shares of UBA changing hands under the typical 183,842
With a total market value of $0, Urstadt Biddle Properties Inc has price-earnings ratio of 20.64 with a one year low of $18.27 and a one year high of $25.19 .
A total of 3 equity analysts have released a research note on UBA. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $23.33.
More About Urstadt Biddle Properties Inc (NYSE:UBA)
Urstadt Biddle Properties Inc. is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company's primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. Its properties consist of neighborhood and community shopping centers and seven office buildings. It seeks to identify desirable properties for acquisition, which it acquires in the normal course of business. It owns or has equity interests in approximately 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 over four states throughout the United States, containing a total of approximately 4.9 million square feet of gross leasable area.
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