Urstadt Biddle Properties Inc (NYSE:UBA) Expected to Announce Earnings of $0.35 Per Share

Equities analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to report earnings of $0.35 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.33. Urstadt Biddle Properties also reported earnings per share of $0.35 during the same quarter last year. The company is expected to announce its next quarterly earnings results on Friday, September 6th.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next fiscal year, analysts anticipate that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.47 to $1.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Urstadt Biddle Properties.

Several research firms have issued reports on UBA. TheStreet downgraded Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Saturday, July 13th.

Urstadt Biddle Properties stock traded down $0.13 during midday trading on Friday, hitting $21.28. The company’s stock had a trading volume of 80,314 shares, compared to its average volume of 92,701. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.54 and a quick ratio of 8.54. The business’s 50-day simple moving average is $21.39. Urstadt Biddle Properties has a 12 month low of $18.50 and a 12 month high of $23.16. The firm has a market capitalization of $848.24 million, a P/E ratio of 14.48, a PEG ratio of 1.86 and a beta of 0.47.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.10 annualized dividend and a yield of 5.17%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.

A number of large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in shares of Urstadt Biddle Properties during the fourth quarter valued at $218,000. BlackRock Inc. boosted its holdings in shares of Urstadt Biddle Properties by 1.0% during the fourth quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock valued at $97,154,000 after acquiring an additional 48,262 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Urstadt Biddle Properties by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 751 shares during the period. Advisor Group Inc. lifted its holdings in Urstadt Biddle Properties by 59.8% in the fourth 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 during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Urstadt Biddle Properties by 2.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 39,689 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 1,104 shares during the period. 58.58% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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