Analysts expect that Urstadt Biddle Properties Inc. (NYSE:UBA – Get Rating) will announce sales of $36.13 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is expected to report its next quarterly 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 financial 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 calculations are an average based on a survey of research firms that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA – Get Rating) last posted its quarterly earnings results on Friday, March 11th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the 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%.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Urstadt Biddle Properties by 3.1% in the first quarter. Vanguard Group Inc. now owns 4,182,596 shares of the real estate investment trust’s stock worth $78,674,000 after purchasing an additional 124,543 shares during the last quarter. State Street Corp grew its holdings in Urstadt Biddle Properties by 8.1% in the first quarter. State Street Corp now owns 1,161,247 shares of the real estate investment trust’s stock worth $22,116,000 after purchasing an additional 87,507 shares during the last quarter. Invesco Ltd. grew its holdings in Urstadt Biddle Properties by 79.0% in the first quarter. Invesco Ltd. now owns 998,463 shares of the real estate investment trust’s stock worth $18,782,000 after purchasing an additional 440,567 shares during the last quarter. Geode Capital Management LLC grew its holdings in Urstadt Biddle Properties by 1.7% in the third quarter. Geode Capital Management LLC now owns 649,164 shares of the real estate investment trust’s stock worth $12,288,000 after purchasing an additional 10,626 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Urstadt Biddle Properties by 259.7% in the first quarter. LSV Asset Management now owns 523,300 shares of the real estate investment trust’s stock worth $9,843,000 after purchasing an additional 377,825 shares during the last quarter. 52.39% of the stock is owned by institutional investors.
Shares of Urstadt Biddle Properties stock opened at $17.26 on Tuesday. The firm has a market cap of $705.52 million, a price-to-earnings ratio of 19.18 and a beta of 1.06. Urstadt Biddle Properties has a twelve month low of $16.30 and a twelve month high of $21.66. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $17.76 and a 200-day moving average price of $19.08.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were paid a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Thursday, March 31st. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 105.56%.
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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