Wall Street brokerages expect Urstadt Biddle Properties Inc (NYSE:UBA) to announce $32.99 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $31.98 million and the highest estimate coming in at $34.41 million. Urstadt Biddle Properties posted sales of $33.00 million during the same quarter last year, which suggests a negative year over year growth rate of 0%. The firm is scheduled to announce its next earnings results on Friday, March 8th.
On average, analysts expect that Urstadt Biddle Properties will report full year sales of $132.13 million for the current financial year, with estimates ranging from $129.03 million to $135.93 million. For the next year, analysts expect that the firm will report sales of $133.24 million, with estimates ranging from $132.28 million to $134.20 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Urstadt Biddle Properties.
UBA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. ValuEngine raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Urstadt Biddle Properties presently has an average rating of “Hold” and a consensus target price of $22.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund increased its position in Urstadt Biddle Properties by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 751 shares during the period. BlackRock Inc. increased its position in Urstadt Biddle Properties by 1.0% during the 4th quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock valued at $97,154,000 after purchasing an additional 48,262 shares during the period. Virginia Retirement Systems ET AL increased its position in Urstadt Biddle Properties by 18.2% during the 4th quarter. Virginia Retirement Systems ET AL now owns 39,700 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 6,100 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Urstadt Biddle Properties during the 4th quarter valued at about $218,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Urstadt Biddle Properties by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock valued at $1,401,000 after buying an additional 616 shares in the last quarter. 59.40% of the stock is currently owned by institutional investors and hedge funds.
UBA stock traded up $0.12 during trading on Wednesday, hitting $22.13. The company had a trading volume of 43,873 shares, compared to its average volume of 75,355. The company has a market capitalization of $882.54 million, a PE ratio of 15.05, a P/E/G ratio of 1.97 and a beta of 0.57. Urstadt Biddle Properties has a 52-week low of $17.20 and a 52-week high of $23.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.35 and a quick ratio of 18.35.
The business also recently declared a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Friday, January 4th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.97%. The ex-dividend date was Thursday, January 3rd. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 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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