Urstadt Biddle Properties Inc (NYSE:UBA) – Equities research analysts at DA Davidson lowered their Q3 2019 earnings estimates for Urstadt Biddle Properties in a research report issued to clients and investors on Tuesday, June 11th. DA Davidson analyst J. Lykins now expects that the real estate investment trust will earn $0.36 per share for the quarter, down from their prior forecast of $0.37. DA Davidson also issued estimates for Urstadt Biddle Properties’ Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $1.44 EPS and FY2020 earnings at $1.52 EPS.
A number of other analysts also recently issued reports on UBA. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Wednesday, May 22nd.
UBA opened at $21.28 on Thursday. Urstadt Biddle Properties has a fifty-two week low of $18.50 and a fifty-two week high of $23.16. The company has a debt-to-equity ratio of 0.88, a quick ratio of 8.44 and a current ratio of 8.44. The stock has a market cap of $867.33 million, a P/E ratio of 14.48, a PEG ratio of 1.91 and a beta of 0.53.
A number of hedge funds and other institutional investors have recently bought and sold shares of UBA. Norges Bank purchased a new stake in Urstadt Biddle Properties during the fourth quarter worth about $7,309,000. Renaissance Technologies LLC increased its stake in shares of Urstadt Biddle Properties by 8.8% in the first quarter. Renaissance Technologies LLC now owns 1,125,417 shares of the real estate investment trust’s stock worth $23,229,000 after purchasing an additional 90,600 shares in the last quarter. BlackRock Inc. increased its stake in shares of Urstadt Biddle Properties by 1.0% in the fourth quarter. BlackRock Inc. now owns 5,054,821 shares of the real estate investment trust’s stock worth $97,154,000 after purchasing an additional 48,262 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Urstadt Biddle Properties by 839.8% in the first quarter. PNC Financial Services Group Inc. now owns 52,046 shares of the real estate investment trust’s stock worth $1,075,000 after purchasing an additional 46,508 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Urstadt Biddle Properties by 9.3% in the first quarter. Geode Capital Management LLC now owns 391,421 shares of the real estate investment trust’s stock worth $8,078,000 after purchasing an additional 33,362 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.
In related news, COO Stephan A. Rapaglia sold 1,874 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.78% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 5.17%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is presently 74.83%.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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