Wall Street brokerages predict that Urstadt Biddle Properties Inc (NYSE:UBA) will announce $34.41 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $33.61 million and the highest estimate coming in at $35.28 million. Urstadt Biddle Properties posted sales of $32.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The company is expected to announce its next quarterly earnings results on Friday, September 6th.
On average, analysts expect that Urstadt Biddle Properties will report full year sales of $138.42 million for the current fiscal year, with estimates ranging from $136.23 million to $141.36 million. For the next financial year, analysts forecast that the business will report sales of $141.16 million, with estimates ranging from $137.60 million to $145.36 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Urstadt Biddle Properties.
Several brokerages have recently issued reports on UBA. TheStreet lowered shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Saturday, July 13th.
Shares of UBA stock traded down $0.13 during trading hours on Tuesday, hitting $21.28. 80,314 shares of the company were exchanged, compared to its average volume of 92,701. The company’s fifty day moving average price is $21.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. Urstadt Biddle Properties has a 52-week low of $18.50 and a 52-week high of $23.16. The firm has a market cap of $848.24 million, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47.
The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend was Wednesday, July 3rd. Urstadt Biddle Properties’s payout ratio is 74.83%.
Urstadt Biddle Properties Company Profile
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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