$0.33 Earnings Per Share Expected for Urstadt Biddle Properties Inc (NYSE:UBA) This Quarter

Analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to announce earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.29. Urstadt Biddle Properties also posted earnings per share of $0.33 in the same quarter last year. The company is expected to announce its next earnings results on Friday, December 13th.

On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.36 to $1.42. For the next financial year, analysts forecast that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Urstadt Biddle Properties.

Several research firms have recently weighed in on UBA. B. Riley reaffirmed a “neutral” rating on shares of Urstadt Biddle Properties in a report on Thursday, October 3rd. ValuEngine downgraded shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Urstadt Biddle Properties presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Urstadt Biddle Properties stock traded up $0.16 during mid-day trading on Thursday, hitting $24.29. The company had a trading volume of 2,939 shares, compared to its average volume of 77,455. The company has a market capitalization of $965.96 million, a price-to-earnings ratio of 16.47, a P/E/G ratio of 2.04 and a beta of 0.45. Urstadt Biddle Properties has a 12-month low of $18.50 and a 12-month high of $24.76. The company’s fifty day moving average is $24.07 and its 200-day moving average is $22.48. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 0.88.

In related news, COO Stephan A. Rapaglia sold 1,500 shares of Urstadt Biddle Properties stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $23.78, for a total value of $35,670.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John T. Hayes sold 5,252 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $23.49, for a total value of $123,369.48. The disclosure for this sale can be found here. Corporate insiders own 20.78% of the company’s stock.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

A number of institutional investors and hedge funds have recently modified their holdings of UBA. 6 Meridian raised its stake in shares of Urstadt Biddle Properties by 2.0% during the 2nd quarter. 6 Meridian now owns 33,972 shares of the real estate investment trust’s stock worth $713,000 after buying an additional 669 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Urstadt Biddle Properties by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 16,215 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 680 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Urstadt Biddle Properties by 1.2% during the 2nd quarter. New York State Teachers Retirement System now owns 56,984 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 700 shares in the last quarter. California State Teachers Retirement System grew its stake in Urstadt Biddle Properties by 1.8% in the 3rd quarter. California State Teachers Retirement System now owns 46,091 shares of the real estate investment trust’s stock valued at $1,092,000 after acquiring an additional 812 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Urstadt Biddle Properties by 82.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,547 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,152 shares during the period. 59.07% of the stock is currently owned by institutional investors.

About Urstadt Biddle Properties

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.

See Also: What does relative strength index mean?

Get a free copy of the Zacks research report on Urstadt Biddle Properties (UBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

Leave a Reply

Your email address will not be published. Required fields are marked *

*