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Fly News Breaks for June 15, 2018
UBA
Jun 15, 2018 | 09:08 EDT
DA Davidson analyst James Lykins raised his price target on Urstadt Biddle to $24 after the company's Q2 FFO grew to 45c per share from 30c in year ago period, saying that growth was driven by the lease termination income as well as the 7.3% rise in same-store net operating income. The analyst keeps his Buy rating, further citing the 10% rise in base rents along with the company's cost controls and the 20bp sequential increase in occupancy.
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