Urstadt Biddle Properties Inc (NYSE:UBA) Expected to Post Quarterly Sales of $34.41 Million

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.

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new position in Urstadt Biddle Properties in the 1st quarter valued at $29,000. FMR LLC boosted its holdings in Urstadt Biddle Properties by 754.5% in the 4th quarter. FMR LLC now owns 1,709 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,509 shares during the period. Advisor Group Inc. boosted its holdings in Urstadt Biddle Properties by 59.8% in the 4th quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,060 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Urstadt Biddle Properties by 239.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,763 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 4,768 shares during the period. Finally, Marshall Wace LLP bought a new position in Urstadt Biddle Properties in the 1st quarter valued at $151,000. 58.58% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: What is the Dow Jones Industrial Average (DJIA)?

Get a free copy of the Zacks research report on Urstadt Biddle Properties (UBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.