Urstadt Biddle Properties Inc (NYSE:UBA) – Investment analysts at B. Riley upped their Q3 2018 earnings per share estimates for Urstadt Biddle Properties in a research report issued on Tuesday. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings of $0.36 per share for the quarter, up from their previous estimate of $0.35. B. Riley has a “Hold” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.45 EPS.
Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million for the quarter, compared to analysts’ expectations of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.33%.
Urstadt Biddle Properties (NYSE UBA) opened at $19.08 on Wednesday. The firm has a market capitalization of $730.45, a PE ratio of 15.62, a P/E/G ratio of 1.80 and a beta of 0.49. 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 1-year low of $17.20 and a 1-year high of $23.94.
In other news, Director Catherine U. Biddle acquired 109,542 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average cost of $16.00 per share, with a total value of $1,752,672.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 20.39% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new position in Urstadt Biddle Properties in the 4th quarter worth approximately $130,000. Tower Research Capital LLC TRC increased its stake in Urstadt Biddle Properties by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 3,482 shares during the period. Advisor Group Inc. increased its stake in Urstadt Biddle Properties by 88.0% in the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 2,868 shares during the period. SG Americas Securities LLC purchased a new position in Urstadt Biddle Properties in the 3rd quarter worth approximately $183,000. Finally, Janney Montgomery Scott LLC purchased a new position in Urstadt Biddle Properties in the 3rd quarter worth approximately $202,000. 61.39% 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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