Wall Street brokerages expect Urstadt Biddle Properties Inc (NYSE:UBA) to announce $32.40 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $32.16 million and the highest estimate coming in at $32.65 million. Urstadt Biddle Properties reported sales of $29.07 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The firm is expected to issue its next earnings report on Friday, March 9th.
On average, analysts expect that Urstadt Biddle Properties will report full-year sales of $32.40 million for the current financial year, with estimates ranging from $120.05 million to $130.95 million. For the next financial year, analysts forecast that the company will post sales of $128.99 million per share, with estimates ranging from $123.08 million to $133.29 million. Zacks’ sales averages are an average based on a survey of research firms that cover Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings data on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.29). The company had revenue of $32.31 million during 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%.
Urstadt Biddle Properties (NYSE UBA) traded down $0.23 during midday trading on Wednesday, reaching $17.72. The company had a trading volume of 6,503 shares, compared to its average volume of 98,320. The firm has a market cap of $688.32, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. Urstadt Biddle Properties has a 12 month low of $17.20 and a 12 month high of $23.94. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were issued a $0.27 dividend. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.08 dividend on an annualized basis and a yield of 6.09%. Urstadt Biddle Properties’s dividend payout ratio is presently 120.00%.
In other Urstadt Biddle Properties news, Director Catherine U. Biddle purchased 109,542 shares of Urstadt Biddle Properties stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average price of $16.00 per share, with a total value of $1,752,672.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.39% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Urstadt Biddle Properties by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,323 shares of the real estate investment trust’s stock worth $2,343,000 after buying an additional 1,068 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Urstadt Biddle Properties by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 24,854 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 1,496 shares in the last quarter. Voya Investment Management LLC raised its stake in Urstadt Biddle Properties by 14.3% in the second quarter. Voya Investment Management LLC now owns 16,046 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 2,006 shares in the last quarter. Baker Ellis Asset Management LLC grew its holdings in shares of Urstadt Biddle Properties by 2.6% during the third quarter. Baker Ellis Asset Management LLC now owns 94,664 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 2,400 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Urstadt Biddle Properties by 5.2% during the third quarter. New York State Teachers Retirement System now owns 59,184 shares of the real estate investment trust’s stock worth $1,284,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.
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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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