Deutsche Bank Starts Urstadt Biddle Properties (UBA) at Buy, Looks to Grab to Attention

July 7, 2011 9:57 AM EDT
Get Alerts UBA Hot Sheet
Price: $23.47 +0.34%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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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.

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Geo. on 2011-07-07 14:28:44
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Board leaves a lot to be desired

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