Wall Street brokerages expect Urstadt Biddle Properties Inc (NYSE:UBA) to report $32.40 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Urstadt Biddle Properties’ earnings. The lowest sales estimate is $32.16 million and the highest is $32.65 million. Urstadt Biddle Properties reported sales of $29.07 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The business is scheduled to report its next earnings results on Friday, March 9th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year sales of $32.40 million for the current year, with estimates ranging from $120.05 million to $130.95 million. For the next year, analysts forecast that the firm will post sales of $128.99 million per share, with estimates ranging from $123.08 million to $133.29 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last posted its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.29). The firm had revenue of $32.31 million for the quarter, compared to the consensus estimate of $30.01 million. Urstadt Biddle Properties had a net margin of 42.95% and a return on equity of 13.19%.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet downgraded Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. Finally, B. Riley set a $20.00 price target on Urstadt Biddle Properties and gave the stock a “hold” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Urstadt Biddle Properties has an average rating of “Hold” and a consensus target price of $21.75.
Urstadt Biddle Properties (NYSE UBA) traded up $0.39 during midday trading on Wednesday, hitting $18.13. The stock had a trading volume of 197,512 shares, compared to its average volume of 106,622. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.76. The company has a market cap of $685.61, a P/E ratio of 20.14, a P/E/G ratio of 1.69 and a beta of 0.40. Urstadt Biddle Properties has a 52-week low of $17.20 and a 52-week high of $23.94.
The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were given a $0.27 dividend. The ex-dividend date was Thursday, January 4th. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 5.96%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 120.00%.
In related news, Director Catherine U. Biddle purchased 109,542 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.06% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in Urstadt Biddle Properties in the fourth quarter worth $130,000. Tower Research Capital LLC TRC lifted its position in Urstadt Biddle Properties by 136.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 3,482 shares during the last quarter. Advisor Group Inc. lifted its position in Urstadt Biddle Properties by 88.0% in the fourth quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 2,868 shares during the last quarter. SG Americas Securities LLC bought a new stake in Urstadt Biddle Properties in the third quarter worth $183,000. Finally, Janney Montgomery Scott LLC bought a new stake in Urstadt Biddle Properties in the third quarter worth $202,000. Institutional investors own 60.95% of the company’s stock.
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Urstadt Biddle Properties Company Profile
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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