Urstadt Biddle Properties Inc. (NYSE:UBA) – Investment analysts at DA Davidson raised their FY2018 EPS estimates for Urstadt Biddle Properties in a report issued on Wednesday, March 14th, according to Zacks Investment Research. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings per share of $1.33 for the year, up from their prior estimate of $1.32.
Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). Urstadt Biddle Properties had a return on equity of 13.40% and a net margin of 42.41%. The firm had revenue of $33.00 million during the quarter, compared to analyst estimates of $32.40 million.
A number of other brokerages have also recently issued reports on UBA. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Saturday. B. Riley set a $20.00 price target on Urstadt Biddle Properties and gave the company a “hold” rating in a research report on Tuesday, March 13th. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.25.
UBA traded down $0.14 on Friday, reaching $19.69. The stock had a trading volume of 52,559 shares, compared to its average volume of 104,387. Urstadt Biddle Properties has a fifty-two week low of $17.20 and a fifty-two week high of $23.94. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.76. The stock has a market cap of $766.39, a PE ratio of 17.12, a PEG ratio of 1.87 and a beta of 0.38.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.08 annualized dividend and a dividend yield of 5.49%. Urstadt Biddle Properties’s payout ratio is 93.91%.
Several institutional investors have recently made changes to their positions in UBA. Nisa Investment Advisors LLC bought a new stake in shares of Urstadt Biddle Properties during the 4th quarter valued at about $130,000. Tower Research Capital LLC TRC boosted its position in shares of Urstadt Biddle Properties by 136.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 3,482 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Urstadt Biddle Properties by 88.0% during the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 2,868 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Urstadt Biddle Properties during the 3rd quarter valued at about $183,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Urstadt Biddle Properties during the 3rd quarter valued at about $202,000. Institutional investors own 61.39% of the company’s stock.
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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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