Equities analysts predict that Urstadt Biddle Properties Inc (NYSE:UBA) will report $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Urstadt Biddle Properties’ earnings. Urstadt Biddle Properties posted earnings of $0.28 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The firm is scheduled to report its next earnings report on Friday, March 9th.
On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.36. For the next financial year, analysts forecast that the company will post earnings of $1.40 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last released its quarterly 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). The firm had revenue of $32.31 million for the quarter, compared to analyst estimates of $30.01 million. Urstadt Biddle Properties had a net margin of 42.95% and a return on equity of 13.19%.
Shares of Urstadt Biddle Properties (NYSE UBA) opened at $17.72 on Monday. The company has a market cap of $684.84, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.69 and a beta of 0.40. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.76. Urstadt Biddle Properties has a 52-week low of $17.45 and a 52-week high of $23.94.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 6.09%. This is an increase from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, January 4th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 120.00%.
In related news, Director Catherine U. Biddle acquired 109,542 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were acquired at an average cost of $16.00 per share, with a total value of $1,752,672.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.06% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of UBA. Nisa Investment Advisors LLC purchased a new position in Urstadt Biddle Properties during the fourth quarter valued at $130,000. Tower Research Capital LLC TRC lifted its holdings in Urstadt Biddle Properties by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 3,482 shares in the last quarter. SG Americas Securities LLC purchased a new position in Urstadt Biddle Properties during the third quarter valued at $183,000. Janney Montgomery Scott LLC purchased a new position in Urstadt Biddle Properties during the third quarter valued at $202,000. Finally, Stevens Capital Management LP purchased a new position in Urstadt Biddle Properties during the third quarter valued at $207,000. 61.52% of the stock is currently owned by institutional investors and hedge funds.
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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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