Equities analysts expect Urstadt Biddle Properties Inc. (NYSE:UBA – Get Rating) to announce sales of $36.13 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $35.31 million and the highest estimate coming in at $36.60 million. Urstadt Biddle Properties reported sales of $32.93 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year sales of $144.54 million for the current year, with estimates ranging from $141.46 million to $146.90 million. For the next year, analysts expect that the business will report sales of $151.30 million, with estimates ranging from $146.05 million to $155.80 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA – Get Rating) last issued its earnings results on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Urstadt Biddle Properties had a return on equity of 13.83% and a net margin of 35.22%.
NYSE UBA opened at $17.94 on Wednesday. The stock has a market cap of $733.32 million, a PE ratio of 19.93 and a beta of 1.07. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 0.85. Urstadt Biddle Properties has a twelve month low of $17.57 and a twelve month high of $21.66. The stock has a fifty day simple moving average of $18.96 and a 200-day simple moving average of $19.69.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were issued a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Thursday, March 31st. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 105.56%.
A number of institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new position in Urstadt Biddle Properties during the 1st quarter valued at about $28,000. Barclays PLC raised its position in Urstadt Biddle Properties by 30.7% in the 4th quarter. Barclays PLC now owns 38,905 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 9,129 shares in the last quarter. Vident Investment Advisory LLC raised its position in Urstadt Biddle Properties by 1.2% in the 4th quarter. Vident Investment Advisory LLC now owns 57,309 shares of the real estate investment trust’s stock valued at $1,220,000 after purchasing an additional 696 shares in the last quarter. California State Teachers Retirement System raised its position in Urstadt Biddle Properties by 2.1% in the 4th quarter. California State Teachers Retirement System now owns 41,510 shares of the real estate investment trust’s stock valued at $884,000 after purchasing an additional 861 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Urstadt Biddle Properties by 5.6% in the 4th quarter. Parametric Portfolio Associates LLC now owns 259,781 shares of the real estate investment trust’s stock valued at $5,533,000 after purchasing an additional 13,877 shares in the last quarter. Institutional investors own 52.08% of the company’s stock.
Urstadt Biddle Properties Company Profile (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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