Urstadt Biddle Properties Inc (NYSE:UBA) – Stock analysts at DA Davidson raised their FY2018 earnings per share (EPS) estimates for Urstadt Biddle Properties in a research note issued on Wednesday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will earn $1.33 per share for the year, up from their prior forecast of $1.32.
Several other equities analysts have also weighed in on UBA. B. Riley set a $20.00 price objective on shares of Urstadt Biddle Properties and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, TheStreet lowered shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.75.
Urstadt Biddle Properties (NYSE UBA) opened at $19.30 on Friday. Urstadt Biddle Properties has a 12-month low of $17.20 and a 12-month high of $23.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.14 and a current ratio of 4.49. The firm has a market cap of $737.79, a PE ratio of 20.45, a PEG ratio of 1.81 and a beta of 0.49.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. The business had revenue of $33.00 million for the quarter, compared to the consensus estimate of $32.40 million.
In other news, Director Catherine U. Biddle acquired 109,542 shares of Urstadt Biddle Properties stock in a transaction on Friday, December 22nd. The stock was 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.06% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Urstadt Biddle Properties by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,854 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 1,496 shares in the last quarter. Advisor Group Inc. lifted its stake in Urstadt Biddle Properties by 88.0% during the fourth quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 2,868 shares in the last quarter. California Public Employees Retirement System lifted its stake in Urstadt Biddle Properties by 6.6% during the fourth quarter. California Public Employees Retirement System now owns 47,169 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 2,923 shares in the last quarter. Aperio Group LLC lifted its stake in Urstadt Biddle Properties by 13.6% during the fourth quarter. Aperio Group LLC now owns 24,561 shares of the real estate investment trust’s stock valued at $534,000 after buying an additional 2,949 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Urstadt Biddle Properties by 14.1% during the third quarter. BNP Paribas Arbitrage SA now owns 24,471 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 3,021 shares in the last quarter. 61.39% of the stock is 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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