Urstadt Biddle Properties (UBA) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Urstadt Biddle Properties (NYSE:UBA) announced its earnings results on Monday. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03, Analyst RN reports. The company had revenue of $26.00 million for the quarter, compared to the consensus estimate of $25.50 million.
Urstadt Biddle Properties (NYSE:UBA) traded down 0.70% during mid-day trading on Monday, hitting $21.33. 253,247 shares of the company’s stock traded hands. Urstadt Biddle Properties has a 52-week low of $18.00 and a 52-week high of $22.28. The stock has a 50-day moving average of $20.54 and a 200-day moving average of $19.62. The company has a market cap of $661.4 million and a price-to-earnings ratio of 25.39.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Tuesday, July 1st.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Urstadt Biddle Properties from a “neutral” rating to an “underperform” rating in a research note on Monday, April 21st. They now have a $19.60 price target on the stock. Analysts at TheStreet upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Sunday, March 16th.
Urstadt Biddle Properties Inc, is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate.
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