Urstadt Biddle Properties Inc (NYSE:UBA) – Investment analysts at B. Riley raised their Q1 2018 earnings estimates for Urstadt Biddle Properties in a note issued to investors on Wednesday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.32. B. Riley has a “Hold” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.40 EPS.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Friday, December 15th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.29). Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%.

Several other research analysts have also recently commented on UBA. Deutsche Bank restated a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a research note on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.75.

Urstadt Biddle Properties (NYSE UBA) opened at $19.93 on Thursday. Urstadt Biddle Properties has a 1-year low of $18.32 and a 1-year high of $23.94. The company has a market cap of $786.70, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.94 and a beta of 0.54. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.76.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Urstadt Biddle Properties by 83.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 228,809 shares of the real estate investment trust’s stock worth $4,975,000 after buying an additional 103,818 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Urstadt Biddle Properties during the 4th quarter worth about $130,000. Janney Montgomery Scott LLC acquired a new stake in shares of Urstadt Biddle Properties during the 3rd quarter worth about $202,000. Asset Management One Co. Ltd. lifted its stake in shares of Urstadt Biddle Properties by 3.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 105,458 shares of the real estate investment trust’s stock worth $2,325,000 after buying an additional 3,491 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Urstadt Biddle Properties during the 3rd quarter worth about $255,000. Institutional investors own 60.09% of the company’s stock.

In other news, Director Catherine U. Biddle purchased 109,542 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $16.00 per share, for a total transaction of $1,752,672.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.06% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.08 dividend on an annualized basis and a yield of 5.42%. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 120.00%.

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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.

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

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