$33.14 Million in Sales Expected for Urstadt Biddle Properties Inc (UBA) This Quarter
Analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to post sales of $33.14 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $32.93 million to $33.34 million. Urstadt Biddle Properties reported sales of $32.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Friday, December 21st.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year sales of $135.94 million for the current year, with estimates ranging from $135.74 million to $136.15 million. For the next year, analysts expect that the business will post sales of $135.92 million, with estimates ranging from $134.34 million to $137.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Urstadt Biddle Properties.
Several equities analysts recently weighed in on UBA shares. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. DA Davidson lowered Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $23.00 in a research note on Tuesday, September 11th. ValuEngine lowered Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.
Shares of NYSE UBA traded down $0.26 during trading on Monday, reaching $20.41. 41,105 shares of the company traded hands, compared to its average volume of 68,881. The company has a debt-to-equity ratio of 0.82, a quick ratio of 8.30 and a current ratio of 8.30. Urstadt Biddle Properties has a 12-month low of $17.20 and a 12-month high of $23.94. The firm has a market capitalization of $812.87 million, a P/E ratio of 17.75, a PEG ratio of 1.78 and a beta of 0.36.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were paid a $0.27 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Urstadt Biddle Properties’s dividend payout ratio is presently 93.91%.
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 84 properties containing approximately 5.1 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: Cost of Capital
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.