Analysts forecast that Urstadt Biddle Properties Inc (NYSE:UBA) will report earnings of $0.34 per share for the current quarter, Zacks reports. Three analysts have made estimates for Urstadt Biddle Properties’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Urstadt Biddle Properties reported earnings per share of $0.33 in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next earnings report on Friday, March 8th.
On average, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.44. For the next financial year, analysts forecast that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.44 to $1.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Urstadt Biddle Properties.
UBA has been the subject of a number of recent research reports. 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 report on Wednesday, October 31st. ValuEngine downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.00.
In related news, CEO Willing L. Biddle acquired 41,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The stock was acquired at an average cost of $15.50 per share, with a total value of $644,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.39% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of Urstadt Biddle Properties by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock worth $1,401,000 after purchasing an additional 616 shares during the period. Texas Permanent School Fund grew its stake in shares of Urstadt Biddle Properties by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 751 shares during the period. Northern Trust Corp grew its stake in shares of Urstadt Biddle Properties by 0.4% during the second quarter. Northern Trust Corp now owns 575,759 shares of the real estate investment trust’s stock worth $13,030,000 after purchasing an additional 2,531 shares during the period. Arizona State Retirement System grew its stake in shares of Urstadt Biddle Properties by 6.2% during the fourth quarter. Arizona State Retirement System now owns 45,913 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 2,664 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Urstadt Biddle Properties by 21.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 15,565 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 2,750 shares during the period. 59.40% of the stock is owned by institutional investors and hedge funds.
Shares of UBA stock traded up $0.12 on Monday, reaching $22.13. 43,873 shares of the stock were exchanged, compared to its average volume of 75,355. The company has a market cap of $882.54 million, a P/E ratio of 15.05, a PEG ratio of 1.97 and a beta of 0.57. Urstadt Biddle Properties has a one year low of $17.20 and a one year high of $23.16. The company has a quick ratio of 18.35, a current ratio of 18.35 and a debt-to-equity ratio of 0.82.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Friday, January 4th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, January 3rd. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.97%. Urstadt Biddle Properties’s payout ratio is 74.83%.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 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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