Brokerages expect Urstadt Biddle Properties Inc (NYSE:UBA) to post earnings per share (EPS) of $0.34 for the current quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Urstadt Biddle Properties reported earnings of $0.21 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 61.9%. The business is expected to report its next earnings results on Friday, December 21st.
On average, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.48. For the next year, analysts anticipate that the business will report earnings of $1.44 per share, with EPS estimates ranging from $1.44 to $1.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Urstadt Biddle Properties.
Several research analysts have issued reports on the stock. ValuEngine lowered shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, October 31st. TheStreet lowered shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Wednesday, October 3rd. Finally, DA Davidson lowered shares of Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $23.00 in a research note on Tuesday, September 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.00.
Urstadt Biddle Properties stock traded down $0.26 during mid-day trading on Friday, hitting $20.41. 41,105 shares of the stock were exchanged, compared to its average volume of 68,881. The company has a debt-to-equity ratio of 0.82, a quick ratio of 8.30 and a current ratio of 8.30. Urstadt Biddle Properties has a 12 month low of $17.20 and a 12 month high of $23.94. The firm has a market cap of $812.87 million, a price-to-earnings ratio of 17.75, a PEG ratio of 1.78 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were paid a $0.27 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Urstadt Biddle Properties’s dividend payout ratio is currently 93.91%.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Urstadt Biddle Properties by 5.8% in the 3rd quarter. BlackRock Inc. now owns 5,006,559 shares of the real estate investment trust’s stock valued at $106,590,000 after acquiring an additional 272,242 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Urstadt Biddle Properties by 3.0% in the 3rd quarter. Martingale Asset Management L P now owns 199,802 shares of the real estate investment trust’s stock valued at $4,254,000 after acquiring an additional 5,901 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urstadt Biddle Properties by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 475,011 shares of the real estate investment trust’s stock valued at $10,113,000 after acquiring an additional 14,019 shares in the last quarter. AXA increased its stake in shares of Urstadt Biddle Properties by 38.7% in the 3rd quarter. AXA now owns 29,270 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 8,170 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of Urstadt Biddle Properties in the 3rd quarter valued at $394,000. Institutional investors own 58.26% of the company’s stock.
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.
Featured Story: How to Invest in Growth Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.