Deutsche Bank Starts Urstadt Biddle Properties (UBA) at Buy, Looks to Grab to Attention
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Price: $22.90 -0.3%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade UBA Now!
Deutsche Bank initiates coverage on shares of Urstadt Biddle Properties (NYSE: UBA) with a Buy rating and $21 price target.
The firm reports that management has a strong track record with 15 percent total return CAGR since 2000 and below average volatility. It also forecasts that UBA will be able to sustain its double-digit returns on capital while maintaining a well below average level of debt.
The company is currently coming up with ways to make its shares more noticeable and increase the volume of trade.
An analyst at Deutsche comments, "UBA trades at a discount to its peers on every major valuation metric. While we acknowledge that some valuation adjustment is warranted given trading liquidity, transparency, and corporate governance issues, we think the current discount baked into the shares is overly punitive for a portfolio of this quality and for a management team that has a clear track record of success."
For more ratings news on Urstadt Biddle Properties click here and for the rating history of Urstadt Biddle Properties click here.
Shares of Urstadt Biddle Properties closed at $18.45 yesterday, with a 52 week range of $15.85-$20.35.
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The firm reports that management has a strong track record with 15 percent total return CAGR since 2000 and below average volatility. It also forecasts that UBA will be able to sustain its double-digit returns on capital while maintaining a well below average level of debt.
The company is currently coming up with ways to make its shares more noticeable and increase the volume of trade.
An analyst at Deutsche comments, "UBA trades at a discount to its peers on every major valuation metric. While we acknowledge that some valuation adjustment is warranted given trading liquidity, transparency, and corporate governance issues, we think the current discount baked into the shares is overly punitive for a portfolio of this quality and for a management team that has a clear track record of success."
For more ratings news on Urstadt Biddle Properties click here and for the rating history of Urstadt Biddle Properties click here.
Shares of Urstadt Biddle Properties closed at $18.45 yesterday, with a 52 week range of $15.85-$20.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Board UBA/UBP
Geo. on Jul 7, 2011 02:28 PMMark as Spam | Reply to this comment
Board leaves a lot to be desired