Equities research analysts expect Urstadt Biddle Properties Inc. (NYSE:UBA) to report earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $0.29 to $0.31. Urstadt Biddle Properties posted earnings of $0.32 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The firm is expected to issue its next quarterly earnings report on Thursday, September 14th.

On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.21. For the next financial year, analysts anticipate that the company will post earnings of $1.25 per share, with EPS estimates ranging from $1.23 to $1.31. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Urstadt Biddle Properties.

A number of research analysts have weighed in on UBA shares. TheStreet raised shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. FBR & Co reiterated a “mkt perform” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Finally, ValuEngine lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.67.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Anticipate Urstadt Biddle Properties Inc. (UBA) to Announce $0.30 Earnings Per Share” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/27/zacks-analysts-anticipate-urstadt-biddle-properties-inc-uba-to-announce-0-30-earnings-per-share.html.

Shares of Urstadt Biddle Properties (NYSE:UBA) traded down 0.24% during trading on Thursday, reaching $20.81. The company’s stock had a trading volume of 4,660 shares. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43. The company’s 50 day moving average price is $20.01 and its 200 day moving average price is $20.71. The firm has a market cap of $784.58 million, a PE ratio of 19.97 and a beta of 0.52.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.06 annualized dividend and a dividend yield of 5.08%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 100.95%.

Urstadt Biddle Properties declared that its board has authorized a share repurchase program on Friday, June 9th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its position 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 worth $507,000 after buying an additional 61 shares during the last quarter. UBS Group AG raised its position in 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 worth $260,000 after buying an additional 176 shares during the last quarter. Texas Permanent School Fund raised its position in 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 worth $443,000 after buying an additional 492 shares during the last quarter. Loeb Partners Corp raised its position in 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 worth $504,000 after buying an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in 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 worth $249,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company’s stock.

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.

Get a free copy of the Zacks research report on Urstadt Biddle Properties (UBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Urstadt Biddle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.