Urstadt Biddle Properties (NYSE:UBA) Getting Somewhat Positive Press Coverage, Accern Reports

Media coverage about Urstadt Biddle Properties (NYSE:UBA) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Urstadt Biddle Properties earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.2454274348347 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Urstadt Biddle Properties (UBA) opened at 21.76 on Friday. The company has a market capitalization of $820.44 million, a PE ratio of 20.76 and a beta of 0.53. The company’s 50-day moving average is $21.91 and its 200-day moving average is $20.53. Urstadt Biddle Properties has a one year low of $18.32 and a one year high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.17. The business had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. Equities analysts predict that Urstadt Biddle Properties will post $0.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.265 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.06 dividend on an annualized basis and a yield of 4.87%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 99.07%.

Several research analysts have commented on UBA shares. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Deutsche Bank AG restated a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, September 15th. TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.33.

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In other Urstadt Biddle Properties news, VP John T. Hayes sold 4,900 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total transaction of $108,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by company insiders.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

Insider Buying and Selling by Quarter for Urstadt Biddle Properties (NYSE:UBA)

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