Urstadt Biddle Properties Inc. (NYSE:UBA) – Research analysts at B. Riley raised their Q3 2018 earnings per share estimates for shares of Urstadt Biddle Properties in a research note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.35. B. Riley has a “Hold” rating and a $20.00 price target on the stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.45 EPS.
UBA has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. TheStreet downgraded shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.25.
Urstadt Biddle Properties stock traded down $0.14 during mid-day trading on Wednesday, reaching $19.69. The company’s stock had a trading volume of 52,559 shares, compared to its average volume of 104,387. The company has a market cap of $766.39, a PE ratio of 17.12, a P/E/G ratio of 1.87 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.49 and a quick ratio of 4.49. Urstadt Biddle Properties has a twelve month low of $17.20 and a twelve month high of $23.94.
Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $32.40 million. Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Fairfield Bush & CO. boosted its holdings in shares of Urstadt Biddle Properties by 12.3% during the fourth quarter. Fairfield Bush & CO. now owns 85,179 shares of the real estate investment trust’s stock valued at $1,852,000 after acquiring an additional 9,303 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $287,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Urstadt Biddle Properties by 58.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 160,395 shares of the real estate investment trust’s stock valued at $3,487,000 after acquiring an additional 59,454 shares during the period. Advisor Group Inc. boosted its holdings in shares of 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 acquiring an additional 2,868 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Urstadt Biddle Properties by 49.1% during the fourth quarter. Thrivent Financial For Lutherans now owns 332,163 shares of the real estate investment trust’s stock valued at $7,222,000 after acquiring an additional 109,357 shares during the period. 61.39% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 29th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 93.91%.
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Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 82 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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