Wall Street brokerages expect Urstadt Biddle Properties Inc (NYSE:UBA) to post earnings of $0.33 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Urstadt Biddle Properties’ earnings. Urstadt Biddle Properties posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is expected to announce its next earnings report on Friday, March 9th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.36. For the next financial year, analysts expect that the business will post earnings of $1.40 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.29). Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%. The firm had revenue of $32.31 million during the quarter, compared to analysts’ expectations of $30.01 million.
UBA has been the topic of several analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.75.
Shares of Urstadt Biddle Properties (UBA) traded down $0.35 during midday trading on Friday, hitting $19.44. 24,779 shares of the company traded hands, compared to its average volume of 87,484. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $23.94. The stock has a market capitalization of $764.84, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.88 and a beta of 0.54.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.56%. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, January 4th. Urstadt Biddle Properties’s payout ratio is presently 120.00%.
In other news, Director Catherine U. Biddle bought 109,542 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average cost of $16.00 per share, with a total value of $1,752,672.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.06% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in Urstadt Biddle Properties in the fourth quarter valued at $130,000. SG Americas Securities LLC bought a new stake in Urstadt Biddle Properties in the third quarter valued at $183,000. Janney Montgomery Scott LLC bought a new stake in Urstadt Biddle Properties in the third quarter valued at $202,000. Stevens Capital Management LP bought a new stake in Urstadt Biddle Properties in the third quarter valued at $207,000. Finally, M&T Bank Corp boosted its holdings in Urstadt Biddle Properties by 7.0% in the second quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 833 shares in the last quarter. 61.54% of the stock is currently owned by institutional investors.
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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.
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