Zacks: Brokerages Anticipate Urstadt Biddle Properties Inc. (NYSE:UBA) to Post $0.37 Earnings Per Share

Brokerages expect that Urstadt Biddle Properties Inc. (NYSE:UBAGet Rating) will report earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $0.37 to $0.38. Urstadt Biddle Properties posted earnings of $0.31 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.49 to $1.53. For the next year, analysts anticipate that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.58 to $1.63. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Urstadt Biddle Properties.

Urstadt Biddle Properties (NYSE:UBAGet Rating) last posted its earnings results on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Urstadt Biddle Properties had a net margin of 35.22% and a return on equity of 13.83%.

Several analysts have commented on UBA shares. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 7th. B. Riley reissued a “buy” rating on shares of Urstadt Biddle Properties in a research report on Tuesday, March 15th. Finally, StockNews.com started coverage on shares of Urstadt Biddle Properties in a research report on Thursday, March 31st. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Urstadt Biddle Properties has an average rating of “Buy” and a consensus price target of $22.00.

Shares of UBA stock traded up $0.23 during mid-day trading on Friday, hitting $16.87. 131,912 shares of the stock traded hands, compared to its average volume of 138,274. The stock has a market cap of $689.65 million, a P/E ratio of 18.74 and a beta of 1.06. The stock’s fifty day moving average is $18.45 and its two-hundred day moving average is $19.45. Urstadt Biddle Properties has a 52-week low of $16.40 and a 52-week high of $21.66. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were given a $0.2375 dividend. This represents a $0.95 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Thursday, March 31st. Urstadt Biddle Properties’s payout ratio is currently 105.56%.

Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new position in Urstadt Biddle Properties in the 1st quarter worth approximately $28,000. Ensign Peak Advisors Inc acquired a new position in Urstadt Biddle Properties in the 3rd quarter worth approximately $38,000. Hillsdale Investment Management Inc. increased its holdings in Urstadt Biddle Properties by 71.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,000 shares during the period. Advisor Group Holdings Inc. increased its holdings in Urstadt Biddle Properties by 23.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,196 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 600 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of Urstadt Biddle Properties by 138.4% during the 4th quarter. Lazard Asset Management LLC now owns 3,219 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,869 shares during the period. 52.39% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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