Wall Street analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to report earnings per share of $0.35 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Urstadt Biddle Properties’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.34. Urstadt Biddle Properties reported earnings of $0.45 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.2%. The business is scheduled to issue its next earnings results on Friday, June 14th.
On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.39 to $1.45. For the next financial year, analysts anticipate that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.43 to $1.54. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, March 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. The firm had revenue of $34.46 million during the quarter, compared to analyst estimates of $32.99 million.
In other news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 20.78% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties during the 1st quarter worth $29,000. FMR LLC grew its holdings in shares of Urstadt Biddle Properties by 754.5% during the 4th quarter. FMR LLC now owns 1,709 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,509 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Urstadt Biddle Properties by 59.8% during the 4th quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,060 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Urstadt Biddle Properties by 318.8% during the 4th quarter. LS Investment Advisors LLC now owns 3,878 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 2,952 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Urstadt Biddle Properties by 239.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,763 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 4,768 shares in the last quarter. 59.98% of the stock is currently owned by institutional investors.
NYSE UBA traded down $0.36 on Monday, reaching $22.67. The stock had a trading volume of 116,435 shares, compared to its average volume of 102,151. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.44 and a quick ratio of 8.44. Urstadt Biddle Properties has a 1-year low of $18.50 and a 1-year high of $23.16. The firm has a market cap of $917.98 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.01 and a beta of 0.57.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Wednesday, April 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 74.83%.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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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