Urstadt Biddle Properties Inc. (NYSE:UBA) – Stock analysts at DA Davidson raised their Q3 2017 EPS estimates for Urstadt Biddle Properties in a research report issued on Monday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings per share of $0.31 for the quarter, up from their previous estimate of $0.30. DA Davidson also issued estimates for Urstadt Biddle Properties’ Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.21 EPS and FY2018 earnings at $1.31 EPS.

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Other analysts have also issued research reports about the company. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a report on Friday, May 12th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.00.

Urstadt Biddle Properties (UBA) opened at 20.21 on Thursday. Urstadt Biddle Properties has a 52 week low of $18.32 and a 52 week high of $25.43. The firm has a 50-day moving average price of $19.21 and a 200-day moving average price of $21.39. The company has a market cap of $761.90 million, a P/E ratio of 37.36 and a beta of 0.59.

A number of hedge funds have recently added to or reduced their stakes in UBA. Metropolitan Life Insurance Co. NY raised its stake in Urstadt Biddle Properties by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,025 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 61 shares in the last quarter. UBS Group AG increased its position in shares of Urstadt Biddle Properties by 1.4% in the first quarter. UBS Group AG now owns 12,623 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 176 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Urstadt Biddle Properties by 2.3% in the first quarter. Texas Permanent School Fund now owns 21,525 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 492 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Urstadt Biddle Properties by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 500 shares during the last quarter. Finally, Loeb Partners Corp increased its position in shares of Urstadt Biddle Properties by 2.1% in the first quarter. Loeb Partners Corp now owns 24,500 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 500 shares during the last quarter. 61.42% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend is Wednesday, June 28th. Urstadt Biddle Properties’s dividend payout ratio is presently 100.95%.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

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