$0.33 EPS Expected for Urstadt Biddle Properties Inc (NYSE:UBA) This Quarter

Wall Street analysts expect that Urstadt Biddle Properties Inc (NYSE:UBA) will announce earnings per share (EPS) of $0.33 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.29. Urstadt Biddle Properties also posted earnings per share of $0.33 during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Friday, December 13th.

On average, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.42. For the next financial year, analysts anticipate that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Urstadt Biddle Properties.

Several research analysts have commented on the company. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Thursday, October 3rd. DA Davidson restated a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Monday, July 29th. Finally, Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Urstadt Biddle Properties presently has a consensus rating of “Hold” and a consensus target price of $24.00.

NYSE UBA traded up $0.15 during trading hours on Friday, hitting $23.92. The company had a trading volume of 67,670 shares, compared to its average volume of 92,937. Urstadt Biddle Properties has a 52 week low of $18.50 and a 52 week high of $24.48. The firm has a 50 day simple moving average of $23.20 and a 200 day simple moving average of $21.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.22 and a current ratio of 5.22. The firm has a market capitalization of $947.33 million, a price-to-earnings ratio of 16.86, a PEG ratio of 2.13 and a beta of 0.47.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.275 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 4.60%. Urstadt Biddle Properties’s payout ratio is currently 74.83%.

In other Urstadt Biddle Properties news, CFO John T. Hayes sold 5,252 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $23.49, for a total value of $123,369.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.78% of the company’s stock.

Several large investors have recently added to or reduced their stakes in UBA. Victory Capital Management Inc. raised its holdings in shares of Urstadt Biddle Properties by 754.3% in the 2nd quarter. Victory Capital Management Inc. now owns 767,300 shares of the real estate investment trust’s stock valued at $16,113,000 after acquiring an additional 677,484 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Urstadt Biddle Properties by 1.3% during the 2nd quarter. BlackRock Inc. now owns 5,103,461 shares of the real estate investment trust’s stock valued at $107,171,000 after buying an additional 66,378 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Urstadt Biddle Properties by 103.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 120,113 shares of the real estate investment trust’s stock valued at $2,522,000 after buying an additional 61,177 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Urstadt Biddle Properties by 4.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,177,717 shares of the real estate investment trust’s stock valued at $24,732,000 after buying an additional 52,300 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Urstadt Biddle Properties by 9.8% during the 2nd quarter. Northern Trust Corp now owns 540,493 shares of the real estate investment trust’s stock valued at $11,350,000 after buying an additional 48,305 shares in the last quarter. 59.35% of the stock is currently owned by hedge funds and other institutional investors.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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