Wall Street analysts expect that Urstadt Biddle Properties Inc. (NYSE:UBA – Get Rating) will announce sales of $36.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings. The lowest sales estimate is $35.31 million and the highest is $36.60 million. Urstadt Biddle Properties reported sales of $32.93 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Urstadt Biddle Properties will report full year sales of $144.54 million for the current fiscal year, with estimates ranging from $141.46 million to $146.90 million. For the next financial year, analysts forecast that the firm will report sales of $151.30 million, with estimates ranging from $146.05 million to $155.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA – Get Rating) last announced its earnings results on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.08). Urstadt Biddle Properties had a return on equity of 13.83% and a net margin of 35.22%.
UBA stock traded up $0.17 on Wednesday, reaching $18.40. The company’s stock had a trading volume of 81,258 shares, compared to its average volume of 165,799. The firm has a fifty day moving average of $19.11 and a two-hundred day moving average of $19.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.17 and a quick ratio of 4.17. The company has a market capitalization of $752.12 million, a P/E ratio of 20.44 and a beta of 1.07. Urstadt Biddle Properties has a 52 week low of $17.24 and a 52 week high of $21.66.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Friday, April 1st will be issued a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Thursday, March 31st. Urstadt Biddle Properties’s dividend payout ratio is presently 105.56%.
Several hedge funds have recently made changes to their positions in UBA. Geode Capital Management LLC grew its stake in Urstadt Biddle Properties by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 649,164 shares of the real estate investment trust’s stock valued at $12,288,000 after buying an additional 10,626 shares during the last quarter. Invesco Ltd. raised its stake in shares of Urstadt Biddle Properties by 358.5% during the fourth quarter. Invesco Ltd. now owns 557,896 shares of the real estate investment trust’s stock valued at $11,883,000 after acquiring an additional 436,210 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Urstadt Biddle Properties by 3.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 429,301 shares of the real estate investment trust’s stock worth $8,127,000 after buying an additional 13,256 shares during the period. Renaissance Technologies LLC increased its position in shares of Urstadt Biddle Properties by 23.9% during the third quarter. Renaissance Technologies LLC now owns 360,717 shares of the real estate investment trust’s stock worth $6,828,000 after buying an additional 69,500 shares during the period. Finally, LPL Financial LLC increased its position in shares of Urstadt Biddle Properties by 2.1% during the third quarter. LPL Financial LLC now owns 346,850 shares of the real estate investment trust’s stock worth $6,566,000 after buying an additional 7,202 shares during the period. 52.08% of the stock is owned by institutional investors.
About Urstadt Biddle Properties (Get Rating)
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 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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