Urstadt Biddle Properties Inc. (NYSE:UBA) Expected to Post Earnings of $0.38 Per Share

Wall Street analysts expect Urstadt Biddle Properties Inc. (NYSE:UBA) to post earnings per share of $0.38 for the current quarter, according to Zacks. Two analysts have issued estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. Urstadt Biddle Properties posted earnings of $0.33 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The firm is expected to announce its next earnings report on Thursday, March 10th.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.57. For the next financial year, analysts expect that the company will post earnings of $1.65 per share, with EPS estimates ranging from $1.64 to $1.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Urstadt Biddle Properties.

Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Thursday, December 16th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Urstadt Biddle Properties had a net margin of 34.87% and a return on equity of 13.64%.

A number of brokerages have recently weighed in on UBA. B. Riley raised their target price on Urstadt Biddle Properties from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, December 23rd. Zacks Investment Research upgraded Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, December 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $21.80.

Shares of NYSE UBA opened at $20.74 on Wednesday. The stock has a market cap of $834.64 million, a PE ratio of 23.57 and a beta of 1.07. The business has a fifty day moving average of $20.38 and a two-hundred day moving average of $19.70. Urstadt Biddle Properties has a 52-week low of $13.66 and a 52-week high of $21.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.51 and a current ratio of 2.51.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Wednesday, January 5th were given a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 4.58%. This is a positive change from Urstadt Biddle Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 4th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 107.96%.

In other news, Director Bryan O. Colley acquired 5,094 shares of the stock in a transaction that occurred on Friday, October 29th. The stock was purchased at an average cost of $19.75 per share, for a total transaction of $100,606.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.43% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Diversified Trust Co acquired a new stake in Urstadt Biddle Properties in the fourth quarter worth about $348,000. Comerica Bank grew its position in shares of Urstadt Biddle Properties by 97.2% during the 3rd quarter. Comerica Bank now owns 56,189 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 27,695 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Urstadt Biddle Properties by 134.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 31,935 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 18,324 shares during the period. UBS Group AG grew its position in shares of Urstadt Biddle Properties by 19.6% during the 3rd quarter. UBS Group AG now owns 61,511 shares of the real estate investment trust’s stock worth $1,164,000 after buying an additional 10,098 shares during the period. Finally, Vestcor Inc grew its position in shares of Urstadt Biddle Properties by 59.3% during the 3rd quarter. Vestcor Inc now owns 19,035 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 7,084 shares during the period. Hedge funds and other institutional investors own 52.67% of the company’s stock.

About Urstadt Biddle Properties

Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership and management of commercial properties. The firm operates through the Ridgeway and All Other Operating segments. Its portfolio includes neighborhood and community shopping centers in counties.

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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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