Analysts Expect Urstadt Biddle Properties Inc. (NYSE:UBA) Will Announce Earnings of $0.38 Per Share

Equities research analysts forecast that Urstadt Biddle Properties Inc. (NYSE:UBA) will announce earnings per share (EPS) of $0.38 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Urstadt Biddle Properties’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.38. Urstadt Biddle Properties posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The firm is expected to report its next earnings report on Thursday, March 10th.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.47 to $1.57. For the next financial year, analysts forecast that the firm will report earnings of $1.65 per share, with EPS estimates ranging from $1.64 to $1.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Urstadt Biddle Properties.

Urstadt Biddle Properties (NYSE:UBA) last announced its earnings results on Thursday, December 16th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Urstadt Biddle Properties had a net margin of 34.87% and a return on equity of 13.64%.

UBA has been the subject of a number of research reports. B. Riley increased their price target on Urstadt Biddle Properties from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, December 23rd. Zacks Investment Research raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, December 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from, the stock has an average rating of “Buy” and an average target price of $21.80.

In related news, Director Bryan O. Colley purchased 5,094 shares of the firm’s stock in a transaction that occurred on Friday, October 29th. The stock was acquired at an average price of $19.75 per share, for a total transaction of $100,606.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.43% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Urstadt Biddle Properties by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,181,865 shares of the real estate investment trust’s stock worth $81,045,000 after purchasing an additional 160,986 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Urstadt Biddle Properties during the third quarter worth approximately $2,291,000. Renaissance Technologies LLC lifted its position in Urstadt Biddle Properties by 23.9% in the 3rd quarter. Renaissance Technologies LLC now owns 360,717 shares of the real estate investment trust’s stock worth $6,828,000 after buying an additional 69,500 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Urstadt Biddle Properties by 62.6% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 166,007 shares of the real estate investment trust’s stock valued at $3,143,000 after buying an additional 63,897 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Urstadt Biddle Properties by 244.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,704 shares of the real estate investment trust’s stock valued at $1,754,000 after acquiring an additional 61,529 shares in the last quarter. Institutional investors and hedge funds own 52.67% of the company’s stock.

NYSE UBA opened at $20.74 on Wednesday. Urstadt Biddle Properties has a 12 month low of $13.66 and a 12 month high of $21.66. The firm has a market capitalization of $834.64 million, a PE ratio of 23.57 and a beta of 1.07. The company’s 50 day simple moving average is $20.38 and its 200 day simple moving average is $19.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.51 and a quick ratio of 2.51.

The business also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Wednesday, January 5th were issued a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 4th. Urstadt Biddle Properties’s payout ratio is presently 107.96%.

About Urstadt Biddle Properties

Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership and management of commercial properties. The firm operates through the Ridgeway and All Other Operating segments. Its portfolio includes neighborhood and community shopping centers in counties.

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