Zacks: Analysts Expect Urstadt Biddle Properties Inc (UBA) to Announce $0.33 Earnings Per Share

Wall Street analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to announce earnings per share of $0.33 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Urstadt Biddle Properties’ earnings. Urstadt Biddle Properties reported earnings per share of $0.28 in the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The company is expected to announce its next earnings results on Friday, March 9th.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.36. For the next fiscal year, analysts forecast that the business will post earnings of $1.40 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Urstadt Biddle Properties.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.29). The business had revenue of $32.31 million for the quarter, compared to the consensus estimate of $30.01 million. Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%.

Several brokerages have recently commented on UBA. B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Zacks Investment Research cut Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.75.

In other news, Director Catherine U. Biddle purchased 109,542 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.06% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Urstadt Biddle Properties by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,676,473 shares of the real estate investment trust’s stock valued at $92,594,000 after acquiring an additional 75,506 shares during the period. BlackRock Inc. lifted its stake in Urstadt Biddle Properties by 4.2% in the fourth quarter. BlackRock Inc. now owns 4,340,697 shares of the real estate investment trust’s stock valued at $94,367,000 after buying an additional 174,644 shares during the period. State Street Corp lifted its stake in Urstadt Biddle Properties by 4.2% in the second quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock valued at $17,879,000 after buying an additional 36,411 shares during the period. Renaissance Technologies LLC lifted its stake in Urstadt Biddle Properties by 33.3% in the second quarter. Renaissance Technologies LLC now owns 842,700 shares of the real estate investment trust’s stock valued at $16,685,000 after buying an additional 210,600 shares during the period. Finally, American Century Companies Inc. lifted its stake in Urstadt Biddle Properties by 2.4% in the third quarter. American Century Companies Inc. now owns 434,499 shares of the real estate investment trust’s stock valued at $9,429,000 after buying an additional 10,000 shares during the period. 61.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Urstadt Biddle Properties (UBA) opened at $17.72 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.14 and a current ratio of 7.14. The company has a market capitalization of $684.84, a price-to-earnings ratio of 19.69, a PEG ratio of 1.69 and a beta of 0.40. Urstadt Biddle Properties has a 1-year low of $17.45 and a 1-year high of $23.94.

The company also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Thursday, January 4th. This is a positive change from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s dividend payout ratio is 120.00%.

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Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

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

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