Equities analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to announce earnings of $0.30 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.28. Urstadt Biddle Properties posted earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, December 21st.

On average, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.28. For the next fiscal year, analysts forecast that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.26 to $1.35. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Urstadt Biddle Properties.

Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.16 by $0.17. The company had revenue of $31.87 million during the quarter, compared to analysts’ expectations of $29.30 million. Urstadt Biddle Properties had a return on equity of 13.62% and a net margin of 44.45%.

UBA has been the topic of several research analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a research note on Wednesday, November 1st. Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a research note on Thursday, September 7th. Deutsche Bank reaffirmed a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a research note on Wednesday, September 20th. FBR & Co reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, BidaskClub raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.33.

Urstadt Biddle Properties (NYSE UBA) traded down $0.55 during midday trading on Tuesday, hitting $23.02. The stock had a trading volume of 92,841 shares, compared to its average volume of 116,947. The firm has a market cap of $859.97, a price-to-earnings ratio of 17.89, a P/E/G ratio of 2.26 and a beta of 0.53. Urstadt Biddle Properties has a fifty-two week low of $18.32 and a fifty-two week high of $25.43. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.71.

In related news, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total value of $32,550.00. The disclosure for this sale can be found here. Insiders own 20.06% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its position in Urstadt Biddle Properties by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,543 shares in the last quarter. SG Americas Securities LLC acquired a new position in Urstadt Biddle Properties during the 3rd quarter worth approximately $183,000. Janney Montgomery Scott LLC acquired a new position in Urstadt Biddle Properties during the 3rd quarter worth approximately $202,000. Stevens Capital Management LP acquired a new position in Urstadt Biddle Properties during the 3rd quarter worth approximately $207,000. Finally, Capital Fund Management S.A. acquired a new position in Urstadt Biddle Properties during the 2nd quarter worth approximately $248,000. 60.13% of the stock is currently owned by hedge funds and other institutional investors.

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About Urstadt Biddle Properties

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

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