Brokerages forecast that Urstadt Biddle Properties Inc (NYSE:UBA) will post sales of $30.01 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $29.93 million to $30.07 million. Urstadt Biddle Properties posted sales of $31.90 million during the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The business is scheduled to issue its next earnings report on Thursday, December 21st.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full year sales of $30.01 million for the current year, with estimates ranging from $120.86 million to $121.01 million. For the next year, analysts expect that the company will post sales of $122.26 million per share, with estimates ranging from $120.05 million to $125.18 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Urstadt Biddle Properties.

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

UBA has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Deutsche Bank reiterated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Urstadt Biddle Properties has a consensus rating of “Hold” and a consensus target price of $22.33.

In other news, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.20, for a total transaction of $108,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total transaction of $32,550.00. The disclosure for this sale can be found here. 20.06% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. purchased a new stake in shares of Urstadt Biddle Properties during the second quarter valued at $2,970,000. American Century Companies Inc. lifted its stake in Urstadt Biddle Properties by 9.0% in the second quarter. American Century Companies Inc. now owns 424,499 shares of the real estate investment trust’s stock worth $8,405,000 after acquiring an additional 35,122 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Urstadt Biddle Properties by 9.1% in the second quarter. UBS Asset Management Americas Inc. now owns 61,489 shares of the real estate investment trust’s stock worth $1,217,000 after acquiring an additional 5,140 shares during the period. Dimensional Fund Advisors LP lifted its stake in Urstadt Biddle Properties by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 405,156 shares of the real estate investment trust’s stock worth $8,022,000 after acquiring an additional 33,303 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Urstadt Biddle Properties by 77.5% in the second 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 during the period. 60.13% of the stock is owned by hedge funds and other institutional investors.

Urstadt Biddle Properties (NYSE:UBA) opened at $22.71 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.58 and a current ratio of 7.58. Urstadt Biddle Properties has a 1 year low of $18.32 and a 1 year high of $25.43. The firm has a market cap of $928.52, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53.

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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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